Goldman Sachs forecast the downward course for Dollar to Yen to continue with a USD/JPY rate of 95 in the near future.
The Japanese yen has held gains, since December 2019 it has increased over 2% against G10 majors. If we continue to see second waves in infections, safe haven demand for the yen could increase, especially as the US’s COVID-19 recovery is drawn out and outlook for the USD is negative, at least until the elections.
You can also read our full Foreign Exchange Guide to Japan.
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:
|06 Aug 2020 : 105.5830||1.3% ▲||1 Week|
|14 Jul 2020 : 107.2477||0.3% ▼||30 Days|
|15 May 2020 : 107.0535||0.1% ▼||90 Days|
|14 Aug 2019 : 105.9145||1% ▲||1 Year|
|15 Aug 2015 : 124.2897||14% ▼||5 Years|
|16 Aug 2010 : 85.3560||25.3% ▼||10 Years|
USD/JPY 10 year historic rates & change to 13-Aug-2020 : 106.9294
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.