Japanese Yen Outlook: USD/JPY Breaks Out in Style, GBP/JPY and CAD/JPY in Focus
Source: Forexcom - https://www.forex.com/en-us/news-and-analysis/japanese-yen-outlook-usd-jpy-breaks-out-in-style-gbp-jpy-and-cad-jpy-in-focus/
Published: Jul 21, 2026 6:05 PM
USD/JPY has finally broken higher after weeks of compression, with easing bearish sentiment towards the Japanese yen adding fuel to the rally. While the US dollar led the move, the technical backdrop also favours further upside for GBP/JPY, although crude oil prices remain a key variable for CAD/JPY bears.
Medium Impact
USDJPY
CAD
CA