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USD/JPY Outlook: What could happen to the yen after this week's central bank decisions?

Although the week has started to move in favor of the yen in the short term, with USDJPY showing a consistent decline over the last two sessions of around -0.5%, this move appears to reflect more of a phase of indecision rather than a solid recovery of the Japanese currency, especially after the strong appreciation of the U.S. dollar seen last week.
Date: 17.03.2026  |  Source: forex.com
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Quotes

Instrument Price Change (%)
EURUSD 1.153580 +0.26248%
GBPUSD 1.335650 +0.27779%
USDJPY 159.008000 -0.01572%
XAUUSD 4999.945000 -0.13223%
USDCAD 1.369820 +0.091336%
NZDUSD 0.585930 -0.022855%
USDCHF 0.784870 -0.30485%
AUDUSD 0.710300 +0.45397%
EURGBP 0.863650 -0.016208%
EURJPY 183.424000 +0.23334%
GBPJPY 212.376000 +0.2729%
AUDJPY 112.941000 +0.52425%
CADJPY 116.078000 -0.10327%
CHFJPY 202.579000 +0.32438%
NZDJPY 93.114000 -0.028988%
GBPCHF 1.048290 -0.008585%
EURCHF 0.905380 -0.10261%
USDMXN 17.662000 +0%
USDZAR 16.670590 +0.071374%
USDTRY 44.176990 +0.079494%
USDRUB 82.369300 +1.07903%
USDSEK 9.280120 -0.5263%
USDCNY 6.885800 -0.13343%

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