USD/JPY Price Today, Forecast and News: Yen Hovers Near 156.5 as Markets Brace for Fed Cut and BoJ Rate Hike
Tokyo / London – December 10, 2025 – The Japanese yen is trading near some of its weakest levels of the year against the US dollar as traders position for a rare “double feature” in monetary policy: a widely expected rate cut from the US Federal Reserve and a potential rate hike from the Bank of Japan (BoJ) next week. Despite growing speculation that Japan is on the verge of another step away from ultra‑easy policy, the yen remains under pressure—kept weak by still‑wide interest‑rate differentials, elevated US yields and concerns over Japan’s fiscal path. Reuters+1 USD/JPY price today: yen pinned