Forex

USD/JPY Soars to 157.85 Amid Dollar Strength

Guavy AI Editorial Team Published September 28, 2026

Instruments

JPY

The USD/JPY exchange rate rebounded on Monday, September 28, reaching 157.85 after a pullback from multi-week highs.

The rally was driven by the dollar's strength and safe-haven demand, which continued to drive market dynamics despite concerns over energy-related inflation and geopolitical risks stemming from U.S.-Iran tensions.

The Bank of Japan's meeting minutes released earlier signaled a more accommodative stance, leaving the yen under weak support.

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