Mizuho Bank fixes yen at 156.13 dollar, 0.28 weaker

Mizuho Bank fixes yen at 156.13 dollar, 0.28 weaker

Mizuho Bank Sets Yen at 156.13 Per Dollar, Reflecting Continued Weakness
As of February 25, 2026, Mizuho Bank has fixed the Japanese yen at 156.13 per U.S. dollar, marking a 0.28% decline from recent levels. This adjustment aligns with broader market trends, as the yen has remained under pressure amid evolving monetary policy expectations and global trade dynamics.

The yen's weakening follows reports that Japanese Prime Minister Sanae Takaichi has expressed caution about further Bank of Japan interest rate hikes. Such signals have fueled speculation that the BOJ may adopt a more cautious approach to tightening, contrasting with the aggressive rate increases seen in other major economies. Eric Theoret, a currency strategist at Scotiabank, noted that "differences in central bank trajectories show up first in exchange rates", highlighting the yen's vulnerability amid divergent policy paths.

Market data reinforces this trend. The mid-market exchange rate currently stands at ¥1 = $0.006420, equivalent to approximately ¥155.84 per dollar, closely mirroring Mizuho's fixed rate. Analysts attribute the yen's decline to a combination of factors, including persistent inflationary pressures, wage growth, and geopolitical uncertainties, such as U.S. tariff adjustments and U.S.-China trade developments according to Asahi.comand Finimize analysis.

A weaker yen has mixed implications for Japan's economy. While it may bolster export competitiveness, it also raises import costs, exacerbating inflationary pressures for consumers and businesses. The BOJ faces a delicate balancing act, with traders pricing in a 65% probability of a rate hike to 1% by June 2026. However, policymakers have emphasized a "gradual" approach to avoid destabilizing financial institutions and small businesses.

Global markets remain watchful as trade policy shifts and central bank decisions continue to shape currency movements. The yen's trajectory will likely hinge on BOJ guidance, inflation data, and international trade developments in the coming months.

(https://www.xe.com/en-us/compare/mizuho-bank-jpy-to-usd/): Mizuho Bank JPY to USD exchange rate
(https://wise.com/us/currency-converter/jpy-to-usd-rate): Wise.com mid-market exchange rate
(https://www.asahi.com/ajw/articles/16376381): Asahi.com on yen weakness and BOJ policy
(https://finimize.com/content/yen-stays-weak-as-japan-signals-a-dovish-turn): Finimize analysis on dovish signals and trade dynamics