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

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.

USD/JPY - 90 day trend
USD to JPY at 106.94 was trading near AVG:107.05 with LO:104.73 and HI:109.62 (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/JPY rateChangePeriod
06 Aug 2020 : 105.58301.3% ▲1 Week
14 Jul 2020 : 107.24770.3% ▼30 Days
15 May 2020 : 107.05350.1% ▼90 Days
14 Aug 2019 : 105.91451% ▲1 Year
15 Aug 2015 : 124.289714% ▼5 Years
16 Aug 2010 : 85.356025.3% ▼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.

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.