USD/JPY gains on strengthening US Dollar – BBH

USD/JPY firmed up on USD strength, BBH FX analysts report.

Japan’s record current account surplus boosts JPY

"Japan’s current account surplus widened to ¥2,317bn from ¥1947bn in January to total a record ¥29.1tn in the twelve months to February (4.7% of GDP). Japan’s balance of payments backdrop is JPY supportive especially during periods of heightened risk aversion."

Apr 8, 2025

USD/JPY: Likely to trade in a range between 146.00 and 149.00 – UOB Group

US Dollar (USD) is likely to trade in a range between 146.00 and 149.00 vs Japanese Yen (JPY).

USD/CNH: Set to weaken to 7.2430 before stabilisation can be expected – UOB Group

Scope for US Dollar (USD) to weaken to 7.2430 vs Chinese Yuan (CNH) before stabilisation can be expected; it is unclear if 7.2150 will come into view.