# USD/JPY hovers near 144.00, weighs down by growing expectations of Fed rate cuts

> USD/JPY traded near 144.20 as the yen gained after Japan's May industrial production rose 0.5% month-over-month, though it missed forecasts. Japan's trade negotiator said he would keep working toward a US agreement. Growing expectations of Fed rate cuts from September weighed on the dollar.

- Date: 2025-06-30 · published 2025-06-30T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/24465-usd-jpy-hovers-near-144-00-weighs-down-by-growing-expectations-of-fed-rate-cuts
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected Fed cuts weaken the dollar, which tends to support dollar-priced commodities and lowers the yen cost of US imports for Japan. Trade-deal progress could influence tariff-linked export flows.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-02-25 | [U.S. dollar falls as expectations of a Fed rate cut rise \| Financial Post](https://feedsoft.ai/events/54775-u-s-dollar-falls-as-expectations-of-a-fed-rate-cut-rise-financial-post.md) | -0.5% | +7.4% |
| DXY | 2019-06-02 | [The Australian dollar is grinding higher as expectations for rate cuts from the US Federal Reserve build](https://feedsoft.ai/events/58849-the-australian-dollar-is-grinding-higher-as-expectations-for-rate-cuts-from-the.md) | -0.8% | -1.8% |
| DXY | 2025-09-01 | [Stocks hit fresh record high but US dollar weakens as Fed rate cut expectations gain momentum](https://feedsoft.ai/events/23517-stocks-hit-fresh-record-high-but-us-dollar-weakens-as-fed-rate-cut-expectations.md) | -0.1% | -0.1% |
| DXY | 2020-02-27 | [Dollar struggle owes to build up of Fed rate cut expectations - Credit Argricole](https://feedsoft.ai/events/54779-dollar-struggle-owes-to-build-up-of-fed-rate-cut-expectations-credit-argricole.md) | -0.5% | +6.3% |
| DXY | 2017-08-29 | [USD: Guided by the Fed’s expectations - BBH — Octa](https://feedsoft.ai/events/69639-usd-guided-by-the-fed-s-expectations-bbh-octa.md) | -0.3% | +0.5% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/usd-jpy-hovers-near-14400-weighs-down-by-growing-expectations-of-fed-rate-cuts-202506300909

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.