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Japanese Yen (JPY)

Japan — Bank of Japan

Japanese yen — the leading funding currency and a global safe haven.

FX Session:
Tokyo
USD/JPY
161.53441
USD/JPY Exchange Rate
JPY country and API coverage
Tracked indicators 36

Catalogue entries available for this market.

Published latest rows 8

Indicators with recent values loaded for this page.

Source groups 7

Publisher groups represented in coverage metadata.

Primary FX pair USD/JPY

Displayed with the chart and linked market workflows.

JPY currency market profile

Core identifiers, trading context, and product links for Japan coverage.

Currency code JPY

Japanese Yen

Policy institution Bank of Japan

Primary central-bank or monetary authority reference.

Primary USD pair USD/JPY

Fast path into the FX pair dashboard and market profile.

Trading session Tokyo

Approximate primary liquidity window used across FXMacroData pages.

Symbol ¥

Display symbol used in product surfaces.

Also known as yen

Common market shorthand where available.

Japan macro brief

The highest-signal pages for Japan include Central Bank Policy Rate, Inflation Rate (CPI/HICP), Core Inflation, Gross Domestic Product (GDP) Growth, with each page linking back to the source metadata, release history, and API endpoint.

The Japanese yen (JPY) is the official currency of Japan and the third-most-traded currency in the world. It is widely used as a funding currency in carry trades thanks to historically low Japanese interest rates, and tends to strengthen during global risk-off episodes.

The Bank of Japan (BoJ) Policy Board holds eight Monetary Policy Meetings per year and targets 2% CPI inflation. After decades of unconventional policy — zero rates, QQE, yield-curve control — the BoJ has been gradually normalising, and JGB yields and the BoJ's rate guidance are closely watched globally.

What to watch
  • BoJ Monetary Policy Meeting decision and Outlook Report.
  • Japan national CPI and Tokyo CPI advance reading.
  • Tankan survey (quarterly) and machinery orders.
  • MoF FX intervention statements and reserves data.
  • US 10-year Treasury yield (key cross-market driver).
Economic Indicators
Indicator Latest Previous Change Date Data starts
Policy Rate 0.5 0.5 0.00 2025-07-31 2001-08-14
Inflation 2.8 2.5 +0.30 2025-06-30 2000-01-31
Core Inflation 3.3 3.1 +0.20 2025-06-30 2000-01-31
Gdp 592.943 589.46 +3.48 2025-06-30 2000-03-31
Unemployment 2.5 2.4 +0.10 2025-06-30 2000-01-31
Trade Balance 4672.85400371 -1877.0429392 +6549.90 2025-06-30 2000-01-31
Retail Sales 12960.0 13349.0 -389.00 2025-06-30 2000-01-31
Ppi 2.8 2.5 +0.30 2025-06-30 2025-05-31
JPY API docs and available data

This replaces the separate currency API hub. Search the full JPY catalogue, then open detailed endpoint docs for any published indicator.

Economy 11 endpoints

Business Confidence

Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.

Quarterly Index (0-100 normalized) Bank of Japan
Data starts 2004-06-30 Latest available 2026-03-31
/api/v1/announcements/jpy/business_confidence
Endpoint docs Indicator overview

Consumer Confidence

Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.

Monthly Index (0-100 normalized) National Statistics Office
Data starts 2000-03-31 Latest available 2026-05-31
/api/v1/announcements/jpy/consumer_confidence
Endpoint docs Indicator overview

Core Inflation

CPI excluding volatile items like food and energy.

Monthly %YoY Statistics Bureau
Data starts 2000-01-31 Latest available 2026-05-31
/api/v1/announcements/jpy/core_inflation
Endpoint docs Indicator overview

Current Account Balance

Measures trade in goods and services and income flows.

Monthly JPY bn Ministry of Finance
Data starts 2000-01-31 Latest available 2026-04-30
/api/v1/announcements/jpy/current_account_balance
Endpoint docs Indicator overview

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Quarterly JPY tn Cabinet Office
Data starts 2000-03-31 Latest available 2026-03-31
/api/v1/announcements/jpy/gdp
Endpoint docs Indicator overview

Housing Starts

Number of new residential construction projects that have begun in a given period, a key indicator of economic activity and construction sector health.

Monthly Thousands (SAAR) National Statistics Office
Data starts 2000-01-31 Latest available 2026-04-30
/api/v1/announcements/jpy/housing_starts
Endpoint docs Indicator overview

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Monthly %YoY Statistics Bureau
Data starts 2000-01-31 Latest available 2026-05-31
/api/v1/announcements/jpy/inflation
Endpoint docs Indicator overview

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Monthly %YoY Statistics Bureau
Data starts 2025-05-31 Latest available 2026-05-31
/api/v1/announcements/jpy/ppi
Endpoint docs Indicator overview

Retail Sales

Measures change in the total value of sales at the retail level.

Monthly JPY bn Statistics Bureau
Data starts 2000-01-31 Latest available 2026-04-30
/api/v1/announcements/jpy/retail_sales
Endpoint docs Indicator overview

Trade Balance

The difference between the value of a country's exports and imports.

Monthly JPY bn Ministry of Finance
Data starts 2000-01-31 Latest available 2026-04-30
/api/v1/announcements/jpy/trade_balance
Endpoint docs Indicator overview

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Monthly Index (2020=100) Bank of Japan
Data starts 2025-05-31 Latest available 2026-05-31
/api/v1/announcements/jpy/trade_weighted_index
Endpoint docs Indicator overview
Labor Market 5 endpoints

Employment Level

Total number of employed persons.

Monthly Persons Statistics Bureau
Data starts 2013-01-31 Latest available 2026-04-30
/api/v1/announcements/jpy/employment
Endpoint docs Indicator overview

Full-Time Employment

Number of persons employed full-time.

Monthly Persons Statistics Bureau
Data starts 2013-01-31 Latest available 2026-04-30
/api/v1/announcements/jpy/full_time_employment
Endpoint docs Indicator overview

Part-Time Employment

Number of persons employed part-time.

Monthly Persons Statistics Bureau
Data starts 2013-01-31 Latest available 2026-04-30
/api/v1/announcements/jpy/part_time_employment
Endpoint docs Indicator overview

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Monthly % Statistics Bureau
Data starts 2000-01-31 Latest available 2026-04-30
/api/v1/announcements/jpy/participation_rate
Endpoint docs Indicator overview

Unemployment Rate

Percentage of the labor force that is unemployed.

Monthly % Statistics Bureau
Data starts 2000-01-31 Latest available 2026-04-30
/api/v1/announcements/jpy/unemployment
Endpoint docs Indicator overview
Money & Credit 3 endpoints

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Monthly JPY tn Bank of Japan
Data starts 2025-05-31 Latest available 2026-05-31
/api/v1/announcements/jpy/m1
Endpoint docs Indicator overview

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Monthly JPY tn Bank of Japan
Data starts 2025-05-31 Latest available 2026-05-31
/api/v1/announcements/jpy/m2
Endpoint docs Indicator overview

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Monthly JPY tn Bank of Japan
Data starts 2025-05-31 Latest available 2026-05-31
/api/v1/announcements/jpy/m3
Endpoint docs Indicator overview
Monetary Policy 4 endpoints

Central Bank Total Assets

Total assets on the central bank's balance sheet, reflecting the scale of monetary policy operations including quantitative easing programs.

Weekly JPY tn Bank of Japan
Data starts 2000-01-31 Latest available 2026-02-28
/api/v1/announcements/jpy/cb_assets
Endpoint docs Indicator overview

Foreign Exchange Reserves

Assets held by the central bank in foreign currencies, used to support the exchange rate and manage monetary policy. Key indicator of a country's external financial position.

Monthly USD bn Bank of Japan
Data starts 2000-05-31 Latest available 2026-05-31
/api/v1/announcements/jpy/foreign_reserves
Endpoint docs Indicator overview

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

~8x/year % Bank of Japan
Data starts 2001-08-14 Latest available 2026-06-16
/api/v1/announcements/jpy/policy_rate
Endpoint docs Indicator overview

Risk Free Rate

Overnight lending rate between banks.

Daily % Bank of Japan
Data starts 2001-08-14 Latest available 2026-06-16
/api/v1/announcements/jpy/risk_free_rate
Endpoint docs Indicator overview
Government Bond Yields 9 endpoints

10-Year Government Bond Yield

Reference information for 10-Year Government Bond Yield.

Daily % Ministry of Finance
Data starts 1986-07-05 Latest available 2026-06-25
/api/v1/announcements/jpy/gov_bond_10y
Endpoint docs Indicator overview

20-Year Government Bond Yield

Reference information for 20-Year Government Bond Yield.

Daily % Ministry of Finance
Data starts 2025-11-17 Latest available 2026-06-25
/api/v1/announcements/jpy/gov_bond_20y
Endpoint docs Indicator overview

2-Year Government Bond Yield

Reference information for 2-Year Government Bond Yield.

Daily % Ministry of Finance
Data starts 2025-11-14 Latest available 2026-06-25
/api/v1/announcements/jpy/gov_bond_2y
Endpoint docs Indicator overview

30-Year Government Bond Yield

Reference information for 30-Year Government Bond Yield.

Daily % Ministry of Finance
Data starts 2025-05-30 Latest available 2026-06-25
/api/v1/announcements/jpy/gov_bond_30y
Endpoint docs Indicator overview

3-Year Government Bond Yield

Reference information for 3-Year Government Bond Yield.

Daily % Ministry of Finance
Data starts 2025-05-30 Latest available 2026-06-25
/api/v1/announcements/jpy/gov_bond_3y
Endpoint docs Indicator overview

40-Year Government Bond Yield

Reference information for 40-Year Government Bond Yield.

Daily % Ministry of Finance
Data starts 2025-05-30 Latest available 2026-06-25
/api/v1/announcements/jpy/gov_bond_40y
Endpoint docs Indicator overview

5-Year Government Bond Yield

Reference information for 5-Year Government Bond Yield.

Daily % Ministry of Finance
Data starts 2025-05-30 Latest available 2026-06-25
/api/v1/announcements/jpy/gov_bond_5y
Endpoint docs Indicator overview

7-Year Government Bond Yield

Reference information for 7-Year Government Bond Yield.

Daily % Ministry of Finance
Data starts 2025-05-30 Latest available 2026-06-25
/api/v1/announcements/jpy/gov_bond_7y
Endpoint docs Indicator overview

Inflation-Linked Bond Yield

Reference information for Inflation-Linked Bond Yield.

Daily % RBA
Data starts 2025-01-06 Latest available 2026-06-25
/api/v1/announcements/jpy/inflation_linked_bond
Endpoint docs Indicator overview
Additional Indicators 4 endpoints

Central Bank Reserves - Domestic Currency

Reference information for Central Bank Reserves - Domestic Currency.

Weekly JPY tn Bank of Japan
Data starts Pending
/api/v1/announcements/jpy/cb_reserves_domestic_currency
Endpoint docs Indicator overview

Central Bank Reserves - Foreign Currency

Reference information for Central Bank Reserves - Foreign Currency.

Monthly USD bn Bank of Japan
Data starts Pending
/api/v1/announcements/jpy/cb_reserves_foreign_currency
Endpoint docs Indicator overview

Central Bank Reserves - Gold

Reference information for Central Bank Reserves - Gold.

Monthly USD mn Central Bank
Data starts Pending
/api/v1/announcements/jpy/cb_reserves_gold
Endpoint docs Indicator overview

Tankan Capex

Indicator validated by integration tests.

Quarterly % Bank of Japan
Data starts 2026-03-31 Latest available 2026-03-31
/api/v1/announcements/jpy/tankan_capex
Endpoint docs Indicator overview
Bank of Japan Press Releases
CFTC Commitment of Traders — JPY
Upcoming Releases
  • Employment
  • Full Time Employment
  • Part Time Employment
  • Participation Rate
  • Unemployment
  • Core Inflation
  • Inflation
  • Employment
  • Full Time Employment
  • Part Time Employment
JPY Quick Links
JPY source map
Bank of Japan 12 series
Ministry of Finance 10 series
Statistics Bureau 9 series
National Statistics Office 2 series
Cabinet Office 1 series
RBA 1 series
Central Bank 1 series
JPY Pairs

About the Japanese Yen (JPY)

The Japanese yen (JPY) is the official currency of Japan and the third-most-traded currency in the world. It is widely used as a funding currency in carry trades thanks to historically low Japanese interest rates, and tends to strengthen during global risk-off episodes.

Bank of Japan: monetary policy framework

The Bank of Japan (BoJ) Policy Board holds eight Monetary Policy Meetings per year and targets 2% CPI inflation. After decades of unconventional policy — zero rates, QQE, yield-curve control — the BoJ has been gradually normalising, and JGB yields and the BoJ's rate guidance are closely watched globally.

What moves the JPY?

  • BoJ policy rate, JGB yield-curve guidance, and forward guidance from the Governor.
  • US-Japan 10-year yield differential, the dominant driver of USD/JPY.
  • Risk sentiment and global equity volatility (VIX).
  • Japan CPI excluding fresh food and energy ('core-core').
  • MoF FX intervention rhetoric and balance-of-payments flows.
  • Tankan survey, industrial production, and machinery orders.

Key data and events to watch

  • BoJ Monetary Policy Meeting decision and Outlook Report.
  • Japan national CPI and Tokyo CPI advance reading.
  • Tankan survey (quarterly) and machinery orders.
  • MoF FX intervention statements and reserves data.
  • US 10-year Treasury yield (key cross-market driver).

Frequently asked questions about the Japanese Yen

Why is the yen considered a safe-haven currency?
Japan runs a large net international investment position, has a deep and liquid government bond market, and households hold significant overseas assets. In risk-off episodes, Japanese investors repatriate capital and carry-trade unwinds reverse, both of which support the yen.
What is yield-curve control?
Yield-curve control (YCC) is a monetary-policy tool the Bank of Japan introduced in 2016 in which it targeted both a short-term policy rate and a specific yield level for 10-year JGBs. The YCC framework has been progressively unwound as the BoJ has moved towards normalisation.
What is a JPY carry trade?
A carry trade involves borrowing in a low-yielding currency (historically the yen) and investing in a higher-yielding asset abroad. The strategy earns the interest-rate differential as long as the funding currency does not appreciate sharply.
All Currencies
🇺🇸 USD — US Dollar 🇪🇺 EUR — Euro 🇬🇧 GBP — British Pound 🇯🇵 JPY — Japanese Yen 🇦🇺 AUD — Australian Dollar 🇨🇦 CAD — Canadian Dollar 🇨🇭 CHF — Swiss Franc 🇳🇿 NZD — New Zealand Dollar 🇨🇳 CNY — Chinese Yuan 🇳🇴 NOK — Norwegian Krone 🇸🇪 SEK — Swedish Krona 🇩🇰 DKK — Danish Krone 🇧🇷 BRL — Brazilian Real 🇹🇭 THB — Thai Baht 🇮🇩 IDR — Indonesian Rupiah 🇵🇪 PEN — Peruvian Sol 🇳🇬 NGN — Nigerian Naira 🇮🇱 ILS — Israeli New Shekel