What’s next for USD/JPY after this week’s sharp correction lower? episode artwork

EPISODE · Jul 31, 2026 · 14 MIN

What’s next for USD/JPY after this week’s sharp correction lower?

from The MUFG Global Markets Podcast · host MUFG EMEA

Lee Hardman, Senior Currency Analyst, and Abdul-Ahad Lockhart, Currency Analyst, discuss the fallout for the FX market from this week’s Fed, BoJ and BoE policy meetings. How have the latest developments impacted the outlook for USD/JPY?

Episode metadata supplied by the publisher feed · Published Jul 31, 2026

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Hosts Lee Hardman and Abdul Ahad Lockhart review a busy week of central bank meetings (Fed, BOE, BOJ) and the market reactions that followed. Key takeaways: the dollar eased after the Fed update, the yen strengthened amid likely intervention and a more hawkish BOJ tone, and the BOE showed internal divisions while signalling caution — implications for FX and rates in the weeks ahead.

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What’s next for USD/JPY after this week’s sharp correction lower?

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