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The USD\/JPY pair<\/a> nosedives to near 142.50 in Friday\u2019s North American session. The asset weakens as the victory of Japan’s former defence minister Shigeru Ishiba in the Prime Ministerial contest has strengthened the Japanese Yen (JPY).<\/p>\n The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Canadian Dollar.<\/p>\n The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)\/USD (quote).<\/p>\n<\/div>\n<\/div>\n A sharp rally in the Yen suggests that the market participants expect the victory of new PM Shigeru Ishiba to be favorable for further interest rate hikes by the Bank of Japan (BoJ). In his previous comments, Ishiba told Reuters that the central bank was “on the right policy track” with rate hikes thus far.<\/p>\n Meanwhile, a sharp weakness in the US Dollar (USD) after the release of the softer-than-expected United States (US) Personal Consumption Expenditure Price Index (PCE) data for August has also prompted further downside in the asset. Annual PCE inflation decelerated to 2.2%, faster than estimates of 2.3% and the July\u2019s reading of 2.5%. The core PCE price index<\/a>, which excludes volatile food and energy prices and is a Federal Reserve\u2019s (Fed) preferred inflation measure, rose expectedly by 2.7%.<\/p>\n The US Dollar Index (DXY), which tracks the Greenback\u2019s value against six major currencies, slumps to near the Year-to-date (YTD) low of 100.20. More weakness in the US Dollar<\/a> would result in a fresh bear cycle.<\/p>\nJapanese Yen PRICE Today<\/h2>\n
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\n \n\u00a0<\/th>\n USD<\/th>\n EUR<\/th>\n GBP<\/th>\n JPY<\/th>\n CAD<\/th>\n AUD<\/th>\n NZD<\/th>\n CHF<\/th>\n<\/tr>\n<\/thead>\n \n USD<\/th>\n \u00a0<\/td>\n -0.02%<\/td>\n 0.11%<\/td>\n -1.54%<\/td>\n 0.11%<\/td>\n -0.47%<\/td>\n -0.53%<\/td>\n -0.50%<\/td>\n<\/tr>\n \n EUR<\/th>\n 0.02%<\/td>\n \u00a0<\/td>\n 0.12%<\/td>\n -1.53%<\/td>\n 0.09%<\/td>\n -0.45%<\/td>\n -0.54%<\/td>\n -0.47%<\/td>\n<\/tr>\n \n GBP<\/th>\n -0.11%<\/td>\n -0.12%<\/td>\n \u00a0<\/td>\n -1.64%<\/td>\n -0.02%<\/td>\n -0.57%<\/td>\n -0.63%<\/td>\n -0.59%<\/td>\n<\/tr>\n \n JPY<\/th>\n 1.54%<\/td>\n 1.53%<\/td>\n 1.64%<\/td>\n \u00a0<\/td>\n 1.66%<\/td>\n 1.10%<\/td>\n 1.02%<\/td>\n 1.10%<\/td>\n<\/tr>\n \n CAD<\/th>\n -0.11%<\/td>\n -0.09%<\/td>\n 0.02%<\/td>\n -1.66%<\/td>\n \u00a0<\/td>\n -0.59%<\/td>\n -0.63%<\/td>\n -0.59%<\/td>\n<\/tr>\n \n AUD<\/th>\n 0.47%<\/td>\n 0.45%<\/td>\n 0.57%<\/td>\n -1.10%<\/td>\n 0.59%<\/td>\n \u00a0<\/td>\n -0.06%<\/td>\n -0.02%<\/td>\n<\/tr>\n \n NZD<\/th>\n 0.53%<\/td>\n 0.54%<\/td>\n 0.63%<\/td>\n -1.02%<\/td>\n 0.63%<\/td>\n 0.06%<\/td>\n \u00a0<\/td>\n 0.04%<\/td>\n<\/tr>\n \n CHF<\/th>\n 0.50%<\/td>\n 0.47%<\/td>\n 0.59%<\/td>\n -1.10%<\/td>\n 0.59%<\/td>\n 0.02%<\/td>\n -0.04%<\/td>\n \u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n