Japanese Yen Faces Sustained Selling Pressure Above 160.00 Level

Key Facts

The USD/JPY pair continued to trade above the 160.00 level for a second consecutive session amid sustained selling pressure on the Japanese Yen. FXStreet reported that Japanese Finance Minister Katayama issued official warnings regarding rapid and one-sided moves in the foreign exchange market as the US Dollar maintains its momentum.

These market dynamics persist despite expectations of a potential Bank of Japan BoJ rate hike in December. Recent economic data showed Japanese household spending fell 6.8% year-on-year on November 9, 2026, while the current account recorded a surplus of 2372 billion Yen on the same date, down from the previous period's figures.

Market participants are looking ahead to Japan's GDP growth rate data scheduled for release on November 15, 2026. Additionally, the annual inflation rate report is due on November 19, 2026, providing critical insight into the BoJ's monetary policy path in response to currency weakness.