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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

Japan’s efficient management of COVID-19 leaves the economy well-positioned for recovery, and the yen could benefit. As other developed countries have reduced interest rates to stimulate their economies the yen is now not the only “low-yield currency”.

As a result, it has seen renewed demand from investors and could prove popular outside its usual safe-haven role. 

The JPY lost value in November as stock markets appreciated with positive market sentiment associated with Joe Biden’s election win and vaccine news.  Currency Update

 
USDJPY at 103.77 is near its 90-DAY average, range 102.72-105.43.
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USDJPY Trend & Alerts

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You can also read our full Foreign Exchange Guide to Japan.

AUD to JPY

AUD to JPY has gained value in stock markets appreciated with positive market sentiment associated with Joe Biden’s election win and vaccine news. At the beginning of November AUD/JPY was ¥73.5 and has risen around 7 percent, achieving National Australia Bank’s prediction of ¥78 by the end of 2020

Get more details in the article AUD to JPY Forecasts.



 
AUDJPY at 80.20 is 3.2% above its 90-DAY average, range 73.45-80.73.
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AUDJPY Trend & Alerts

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SELL JPY / BUY AUD



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 10 years:

 
USD/JPYChangePeriod
103.88
15 Jan 2021
0.1% ▼1 Week
103.53
23 Dec 2020
0.2% ▲30 Days
104.71
24 Oct 2020
0.9% ▼90 Days
109.57
23 Jan 2020
5.3% ▼1 Year
118.76
24 Jan 2016
12.6% ▼5 Years
82.3405
25 Jan 2011
26% ▲10 Years

USD/JPY 10 year historic rates & change to 22-Jan-2021 : 103.76

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.