Japanese Yen Hits 10-Week Low as USD/JPY Breaks Above 159.00

Key Facts

The USD/JPY pair rose 0.54% to break above the 159.00 level, reaching its highest point in ten weeks. FXStreet reported that the pair was trading around 159.65 after breaching technical resistance, highlighting sustained pressure on the Japanese currency.

The move is driven by surging US Treasury yields and hawkish Federal Reserve repricing, which has strengthened the Dollar against the Yen. As the pair nears the 160.00 threshold, market attention is shifting toward the Bank of Japan and the potential for currency intervention to stabilize the Yen.

Japan is scheduled to release its quarterly GDP growth data on November 15, 2026. Analysts expect a growth rate of 0.1% on a quarter-on-quarter basis, down from the 0.4% recorded in the previous period.