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    Japanese yen JPY forecasts 2022

    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.

    Updated: May 02, 2022  
     

    1 USD = 127.89 JPY
    Sell USD  →  Buy JPY
    USD to JPY at 128.0 is 3.6% above its 90-day average 123.5 with range 114.7-130.9.
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    Japanese yen outlook

    The Japanese yen (JPY) continues to lose ground against the U.S. Dollar (USD). For reference, towards the end of April the USD/JPY hit 131 — a 20-Year Low for the yen.

    This fall may be due to improving US outlook for interest rates and investors are deserting the Japanese currency in search for better returns.

    DateUSD/JPYChangePeriod
    06 May 2022
    130.57
    2.1% 2 Week
    19 Feb 2022
    114.99
    11.2% 3 Month
    20 May 2021
    108.86
    17.5% 1 Year
    21 May 2017
    111.29
    14.9% 5 Year
    22 May 2012
    79.93
    60% 10 Year
    25 May 2002
    124.89
    2.4% 20 Year
    USD/JPY change over periods to 20-May-2022

     

    USD/JPY in the markets

    The Japanese yen (JPY) continues to lose ground against the U.S. Dollar (USD). For reference, towards the end of April the USD/JPY hit 131 — a 20-Year Low for the yen.

    The weakness of JPY against the greenback stems from market expectations that the Fed Reserve will soon start to hike rates aggressively, while the BOJ is committed to continuing yield curve control.

     USD-JPY Forecasts

    AUD to JPY

    AUD/JPY reached 7 year highs at the start of May above 92 due to a weak yen and a strong rebounding Aussie dollar as the RBA raised interest rates, the first rise for a decade.

     AUD-JPY Forecasts



    1 AUD = 90.38 JPY
    Sell AUD  →  Buy JPY
    AUD to JPY at 90.36 is just 0.7% above its 90-day average 89.75 with range 82.48-95.36.
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    Track Rate
     

    What is a good JPY dollar exchange rate?

    Being a safe-haven currency JPY always enjoys a drop when risk sentiment improves, which typically means losses for JPY against other major currencies.

    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.

    You can also read our Foreign Exchange Guide to Japan for tips on saving money when you send or spend yen.

     
     
    Posted under: #Forecasts #JPY
     

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.