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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
ALERT:30-DAY HIGHS |
USD/JPY at 107.78 was trading near AVG:107.95 with LO:102.28 and HI:112.07 (90 days). ALERT: USD/JPY rose to 30-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 29-MayDateRate
0.2% ▲1 Week22 May 2020107.6250
1.1% ▲30 Days29 Apr 2020106.6110
0.2% ▼90 Days29 Feb 2020108.0850
1.4% ▼1 Year30 May 2019109.3347
13.2% ▼5 Years31 May 2015124.1674
18.4% ▼10 Years01 Jun 201091.0601
USD/JPY 10 year rates & changes to 29-May-2020 (107.8190)

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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