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The Japanese Yen Has a Powerful Long-Term Tailwind - MUFG USD/JPY Forecast

The Japanese Yen has struggled to build on recent gains despite expectations for further Bank of Japan policy tightening, but MUFG believes investors are overlooking a structural shift that could provide significant long-term support for the currency. The US Dollar to Japanese Yen exchange rate (USD/JPY) traded close to recent cyclical.
Date: 18.07.2026  |  Source: exchangerates.org.uk
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Quotes

Instrument Price Change (%)
EURUSD 1.143840 -0.051124%
GBPUSD 1.345040 -0.19504%
USDJPY 162.438540 +0.058235%
XAUUSD 4010.549670 +0.85424%
USDCAD 1.402260 -0.13475%
NZDUSD 0.584490 +0.12275%
USDCHF 0.807640 -0.076252%
AUDUSD 0.698470 -0.19557%
EURGBP 0.850210 +0.185%
EURJPY 185.803970 +0.045211%
GBPJPY 218.486570 -0.11814%
AUDJPY 113.415730 -0.095373%
CADJPY 115.840710 +0.21516%
CHFJPY 201.612900 +0.30242%
NZDJPY 94.905430 +0.17356%
GBPCHF 1.086310 -0.26312%
EURCHF 0.923820 -0.13011%
USDMXN 17.542440 +0.72598%
USDZAR 16.482500 +0.62576%
USDTRY 47.172600 +0.15158%
USDRUB 78.125000 -0.46503%
USDSEK 9.636300 -0.006431%
USDCNY 6.767700 +0.066537%

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