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Japanese yen JPY forecasts for 2020

Goldman Sachs forecast the downward course for Dollar to Yen to continue with a USD/JPY rate of 95 in the near future.

JPY in the markets

NAB told Bloomberg TV that it sees a recovery in Asian currencies in the 2nd half of the year if the coronavirus comes under control.

Earlier in the year the threat of proxy war between the US and Iran in Ira helped bring on gains in the Japanese yen and US dollar plus currencies pegged to the greenback such as the Hong Kong dollar.

Last year, HSBC warned against thinking that yen-supporting safe-haven flows would soon stop, implying that the yen could have more upside potential in the near term. The bank highlighted the “desolation and destruction” (an exaggeration) present in many major economies and currencies. “You can never get too high,” the bank’s chief analyst said.

USD/JPY - 90 day trend
USD/JPY at 107.69 was trading near AVG:108.07 with LO:102.28 and HI:112.07 (90 days). ALERT: USD/JPY rose to 14-DAY HIGHS.

You can also read our full Foreign Exchange Guide to Japan.

What is a good JPY dollar exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

For example, the following table looks at the change in the USD to JPY exchange rate to the present day for periods going back upto 10 years:

USD/JPYPeriod to 22-MayDateRate
0.5% ▲1 Week15 May 2020107.0535
0.2% ▼30 Days22 Apr 2020107.8303
3.5% ▼90 Days22 Feb 2020111.5850
1.8% ▼1 Year23 May 2019109.5549
11.4% ▼5 Years24 May 2015121.5380
19.7% ▼10 Years25 May 201089.8789
USD/JPY 10 year historic rates & changes to 22-May-2020 (107.6290)

Note the Japanese yen is a low value currency, against the US dollar it is normally quoted as USDJPY that is the number of yen per 1 US dollar.

Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.

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