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    Japanese yen JPY Forecasts 2022

    The Bank of Japan has resisted monetary tightening -- the yen, as a result, has lost considerable ground against the U.S. dollar in 2022.

    Updated: Aug 12, 2022  
     

    1 USD = 144.68 JPY
    Sell USD  →  Buy JPY
    USD to JPY at 144.7 is 4.8% above its 90-day average 138.1 with range 131.7-144.8.
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    4-DAY+1.8%
    90-DAYHIGH

    Japanese yen outlook

    In August forecasters are starting to suggest that the peak of USD/JPY strength for this cycle may be in the past.

    The Bank of Japan has been resisting the global wave of monetary tightening keeping interest rates unchanged.

    The yen, as a result, has lost considerable ground against the U.S. Dollar (USD) in 2022. For reference, in January USD/JPY was around 115 and in July was trading around 139 — a multi decade LOW for the yen.

    DateUSD/JPYChangePeriod
    13 Sep 2022
    144.46
    0.2% 2 Week
    29 Jun 2022
    136.62
    6% 3 Month
    27 Sep 2021
    110.97
    30.4% 1 Year
    28 Sep 2017
    112.49
    28.7% 5 Year
    29 Sep 2012
    77.95
    85.7% 10 Year
    02 Oct 2002
    123.04
    17.7% 20 Year
    USD/JPY historic rates & change to 27-Sep-2022

     

    What factors that affect Japanese yen exchange rates?

    USD to JPY

    The three factors that impact the US dollar to Japanese yen exchange rate are — 1. any widening of the US-Japan interest-rate gap, 2. changes to global oil prices and 3. the yen’s safe-haven status.

    When interest rates rise everywhere except in Japan the Yen will generally remain weak with investors deserting the Japanese currency in search for better returns.

    The BoJ’s mercantilist view is that low interest rates and the resulting weak yen helps Japanese exporters remain competitive.

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

    AUD to JPY

    AUD to JPY 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to JPY at 92.34 is 2.2% below its 90-day average 94.43 with range 92.14-98.36. AUD/JPY Rates

    In the second half of 2022 the Aussie to yen rate is still near multi year highs due to a weak yen and a strong rebounding Aussie dollar as the RBA began to raise interest rates, the first rises for a decade.

    Markets are split on whether or not to expect the AUD/JPY rate to continue heading towards the 100 level.

     AUD-JPY Forecasts

    EUR to JPY

    EUR to JPY 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsEUR to JPY at 138.4 is just 0.6% below its 90-day average 139.2 with range 135.1-144.7. EUR/JPY Rates

    GBP to JPY

    GBP to JPY 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to JPY at 154.5 is 5.0% below its 90-day average 162.6 with range 154.5-166.8. GBP/JPY Rates

    SGD to JPY

    SGD to JPY 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsSGD to JPY at 100.1 is 1.3% above its 90-day average 98.86 with range 95.60-102.9. SGD/JPY Rates

    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.