Usdjpy down 👇👇, 🎯 USD/JPY corrects toward

USDJPY
USD/JPY corrects toward 151.50 after hitting three-decade highs
USD/JPY is correcting from three-decade highs shy of 152.00 in the European session on Wednesday. Dovish BoJ's commentary drove USD/JPY to fresh multi-decade highs but Japan's Finance Minister's verbal intervention triggered the latest leg down in the pair
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USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis.

The yen has really struggled in the lead up to the BoJ rate hike on Tuesday after the Bank issued a very accommodative statement to support a historic decision to exit negative interest rates. Hiking interest rates normally provides some form of support for the local currency but when you consider the vast interest rate differential between the yen and most other major currencies, there is still a long way to go to reverse the carry trade.