The US Dollar (USD) strengthens against the Japanese Yen (JPY) after US Treasury Secretary Scott Bessent affirms a strong USD policy. Bessent said on Wednesday that the US has a strong USD policy and that means setting the right fundamentals. Japanese Yen FAQs What key factors drive the Japanese Yen? How does the differential between Japanese and US bond yields impact the Japanese Yen? This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen.