# USD/JPY Forecast: Yen Recovery To Take Hold In Q2 2027 - ING

> ING forecasts the Bank of Japan will raise rates again in December 2026 and again in March or April 2027, but expects the yen to stay weak near the top of a 155-160 range before a turn in April-June 2027. USD/JPY ended Friday around 157.58 after the BoJ held rates at 1.25% with a strengthened inflation assessment.

- Date: 2026-11-01 · published 2026-11-01T18:10:03.475Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/29720-usd-jpy-forecast-yen-recovery-to-take-hold-in-q2-2027-ing
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weak yen and expected BoJ tightening shape the currency backdrop for Japanese import costs and dollar-denominated commodity purchases, with a stronger dollar tending to pressure dollar-priced feed commodities.

## Read by commodity

- DXY: neutral
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-30 | [US Dollar Weekly Forecast: The Fed is seen reducing rates twice in 2026](https://feedsoft.ai/events/21241-us-dollar-weekly-forecast-the-fed-is-seen-reducing-rates-twice-in-2026.md) | +0.9% | +0.3% |
| DXY | 2018-07-31 | [British Pound US Dollar X-Rate Forecast Warning: No BoE Hike Would Crush GBP/USD To 1.28](https://feedsoft.ai/events/64275-british-pound-us-dollar-x-rate-forecast-warning-no-boe-hike-would-crush-gbp-usd.md) | +0.6% | +0.6% |
| DXY | 2024-02-27 | [USD/JPY: Yen Survives BoJ Release but Remains at Weak Levels \| Investing.com NG](https://feedsoft.ai/events/31918-usd-jpy-yen-survives-boj-release-but-remains-at-weak-levels-investing-com-ng.md) | -0.2% | -0.0% |
| DXY | 2025-03-19 | [Federal Reserve cuts US growth forecast as Trump tariff fears increase](https://feedsoft.ai/events/25472-federal-reserve-cuts-us-growth-forecast-as-trump-tariff-fears-increase.md) | +0.5% | -1.4% |
| DXY | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | +0.5% | -0.3% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/47634/2026-11-01-usd-jpy-forecast-yen-recovery-to-take-hold-in-q2-2027-ing.html

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