USD/JPY Drops to Monthly Low, First Decline Since Early January

LayerZeroEnjoyer · 2026-01-31T09:11:14+00:00

The Japanese yen has recently strengthened against the U.S. dollar, with USD/JPY dropping to 157, marking its lowest level in a month. This decline reflects the yen's ongoing strength amid fluctuations in the currency market and safe-haven demand.

LayerZeroEnjoyer

2026-01-31 09:11:14

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The Japanese yen has strengthened against the U.S. dollar, with USD/JPY falling to 157 on January 31, marking the weakest level for the currency pair in the past month. This decline represents the first significant drop since early January, when the rate reached its previous floor at January 9.

The daily movement reflected a 0.86% loss for USD/JPY, according to market data tracked by ChainCatcher. This pullback follows a period of relative stability, signaling renewed weakness in the dollar versus the yen amid broader currency market fluctuations.

Traders have been monitoring USD/JPY closely for the past few weeks, as the pair continues to experience pressure from safe-haven demand. The latest decline underscores the ongoing strength of the Japanese yen, which has benefited from risk-off sentiment in global markets. Market participants are watching to see whether this downtrend will persist or if the pair can find support at current levels.

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