USD/JPY
163.850
-0.01% (-0.018)
Updated 03:55 AM
Why it is moving
The reported $96 billion drop in Japan's Treasury holdings to $1.14 trillion marks a multi-year low in Japanese demand for U.S. government debt. At the same time, market attention is on the Government Pension Investment Fund, where any reallocation away from foreign bonds could reinforce repatriation flows, shaping the supply-demand dynamics relevant to USD/JPY.
Updated 03:55 AM
Low confidenceDriver data is partial
Some drivers have no confirmed source evidence yet, read those as context, not confirmation.
Main drivers
Japanese U.S. Treasury holdings declined $96 billion over three months to $1.14 trillion, lowest since April 2025
No confirmed source evidence yet.
Potential GPIF policy adjustments as Japan shifts to expansionary fiscal policy
No confirmed source evidence yet.
Levels to watch
Support
160.356
Resistance
163.938
Recent range: 160.356–163.938.
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