Will Japan’s yen fall below 180 against the USD at any time before the end of 2028?

Will the Yen Drop Below 180?

The yen has faced one of its longest periods of weakness in decades. With interest rate divergence between Japan and the U.S. remaining significant, this prediction explores whether the yen will touch 180 per USD before 2028 ends.

The Case for 'Yes'

If the Federal Reserve keeps higher-for-longer rates while the BOJ stays cautious, capital will continue flowing out of Japan. Additionally, energy imports priced in dollars increase yen pressure.

The Case for 'No'

Any BOJ policy normalization or a pivot by the Fed could strengthen the yen. Japan may also intervene directly in FX markets if the yen becomes excessively weak.

The yen’s fate hinges on global monetary alignment—a highly unpredictable arena.