The US dollar has strengthened against the Japanese yen in recent weeks amid escalating trade tensions and tariff concerns. Ahead of the Bank of Japan's (BoJ) rate decision in mid-June 2025, the dollar rose while the yen remained steady. Following the BoJ's decision to maintain its current interest rates and comments from Governor Ueda regarding trade uncertainty, the dollar stabilized and the yen showed some volatility but remained relatively stable. By early July 2025, the dollar reached a more than two-week high against the yen as trade war fears intensified. Market observers noted a decline in concerns over US tariff policies, which contributed to a rise in the New York stock market. By July 11, the USD/JPY exchange rate climbed above 147, reaching 146.93 and then surpassing 147, driven by inflation worries linked to US tariffs. The ongoing trade conflict and tariff measures under the Trump administration continue to influence currency movements and market sentiment.