USD/JPY gains traction above 158.00 on Trump Greenland deal optimism, eyes on BoJ meeting

FXStreetJan 22, 2026 12:12 AM

View all comments（0）



USD/JPY gains ground to near 158.30 in Thursday’s early Asian session.
Trump said he reached a framework deal on Greenland, supporting the US Dollar.
The BoJ is widely expected to maintain its policy rate at its January meeting on Friday.

The USD/JPY pair trades in positive territory around 158.30 during the early Asian session on Thursday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) amid hopes for a solution in US President Donald Trump’s ambitions for Greenland that would avoid tariffs.

Trump said late Wednesday that the United States and the North Atlantic Treaty Organization (NATO) had "formed the framework of a future deal with respect to Greenland" and that he will not be imposing tariffs scheduled to go into effect in February, per Reuters. The US President did not detail the parameters of the “framework,” and it was unclear what the agreement entails.

However, optimism after Trump stepped back from threats to impose tariffs on eight European countries could lift the Greenback against the JPY in the near term.

The final reading of US Gross Domestic Product (GDP) for the third quarter (Q3) will be published later on Thursday, along with the weekly Initial Jobless Claims and Personal Consumption Expenditures (PCE) Price Index data. If the reports show stronger-than-expected outcomes, this could provide some support to the USD against the JPY.

The Bank of Japan (BoJ) is widely anticipated to hold its policy rate steady at around 0.75% at the conclusion of its two-day meeting on Friday. The Japanese central bank last raised its rate to the highest in three decades in December 2025.

Traders await additional clues from Governor Kazuo Ueda's press conference regarding the expected timing of the BoJ's next rate hike. Any hawkish remarks from Japanese policymakers could boost the JPY and create a headwind for the pair.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

SpaceX IPO Makes History, But Breaks Below Offer Price a Month Later, What Should Investors Watch in the Coming Months?

TradingKey - On June 12, 2026, Eastern Time, SpaceX (SPCX) listed on the Nasdaq at $135 per share with a base fundraising size of approximately $75 billion, setting a new global IPO record.

S&P 500 Index Forecast: Meta, Microsoft, Alphabet and Other Companies Continue Increasing AI Investment, May Support Index Surpassing 8,000 in Second Half of 2026

TradingKey - The S&P 500 index has recently experienced volatility at high levels. As of the U.S. market close on July 16, the S&P 500 index stood at 7,533.77 points, falling 0.51% on the day. Despite the short-term pullback, technical indicators suggest the medium-to-long-term bullish trend remains intact, and institutions continue to hold a positive outlook for the future of the S&P 500.

Apple Hits Record High, Market Cap Surges to $4.9 Trillion: Why Full-Year Gains Lead the Mag 7?

TradingKey - Against the backdrop of a general pullback in the AI sector, Apple (AAPL) has staged an independent rally, driven by its unique ecosystem moat and robust financial performance. After reaching an all-time high of $323.45 on July 13, the share price hit another record high of $327.5 on July 15. Its market capitalization currently stands at $4.81 trillion, making it the second-largest company in the U.S. by market value as it approaches the epic $5 trillion milestone, trailing only Nvidia (NVDA) at $5.13 trillion. In fact, Apple's year-to-date gain in 2026 has reached 16%, also leading the "Mag 7."

SpaceX Negotiates Multi-Billion Dollar Computing Power Deal With Pentagon: Stock Price Drop Does Not Change Wall Street’s Bullish Expectations

Tradingkey - The Wall Street Journal reported that SpaceX (SPCX) is in negotiations with the U.S. Department of Defense to sell computing power. The deal could be valued at billions of dollars, and if finalized, would mark the latest major infrastructure contract for Elon Musk’s integrated rocket, satellite, and artificial intelligence conglomerate. The report noted that the partnership model for this deal is similar to previous agreements SpaceX reached with Alphabet’s Google (GOOGL) and AI firm Anthropic. The negotiations come as the U.S. military seeks to construct data centers within its military bases to bolster its autonomous computing capabilities.

Micron Stock Price Prediction: MU Breaks $898 Support as Memory Boom Faces Capacity Risk

Micron posted record fiscal Q3 revenue of $41.46 billion and guided for $50 billion in Q4 sales, but MU has broken below $897.80 support as investors assess capacity growth and peak memory margins.

Featured Tools