The Japanese yen has experienced a downward trend against the U.S. dollar, trading at 149.74 on March 19, 2025, following a rise above 150 for the first time since March. Earlier in the week, the yen was reported in the 148 range, but investor sentiment improved, leading to increased selling of the yen. As of March 18, the dollar was trading in the 149 range in both Tokyo and New York markets, with reports indicating that the dollar rose to the mid-149s in Tokyo and the upper 149s in New York. The market is currently awaiting the Federal Open Market Committee (FOMC) meeting, which may influence further movements in the currency pair.