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    Japanese yen JPY forecasts 2021

    Goldman Sachs forecast the downward course for Dollar to Yen to continue with a USD/JPY rate of 95 in the near future.

    Forecasts Updated: Jun 25, 2021

     

    What’s in this Japanese yen forecast summary?

    1. USD/JPY in the Markets
    2. AUD to JPY Forecasts
    3. What is a good JPY exchange rate?

    USD/JPY – retreated from 7-day highs around 110.30 to 109.30 late last week. The decline in the US 10-year bond yield to 1.44%, March lows pulled the Dollar lower against the Yen. Lower US bond yields will continue to cap the Dollar above 110 against the Yen. Further falls in USD/JPY will be limited to 108.50. Rallied to 109.60 at the close of Friday.

    As a low-yielding currency, the Japanese yen continues to see decreased investor demand, touching 3-year lows against major currencies in early May.

    USD/JPY in the markets

    Against the Japanese Yen, the Dollar finished the week higher mirroring the moves in the benchmark US 10-year yield. USD-JPY Forecasts


     
    USD to JPY at 109.7 is near its 90-day average, range 108.6-111.5.
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    30-DAYLOW1d
     

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

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

    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.

    AUD to JPY

    AUD/JPY – The Australian Dollar eased moderately against the Japanese Yen, finishing at 81.42 on Friday from 81.50 a week ago. Like the other currency pairs, the Aussie Battler had a roller coaster week against the Japanese Yen. AUD/JPY hit a high at 81.94 (last Friday) and saw a low at 80.01 (Monday). Risk appetite was the main driver of this cross-currency pair. Expect more of the same. AUD-JPY Forecasts



     
    AUD to JPY at 80.60 has fallen 3.5% below its 90-day average, range 80.40-85.29.
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    1-DAY-0.7%
     

    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
    23 Jul 2021
    110.55
    0.8% 1 Week
    30 Jun 2021
    111.13
    1.3% 30 Days
    01 May 2021
    109.30
    0.4% 90 Days
    30 Jul 2020
    104.69
    4.8% 1 Year
    31 Jul 2016
    102.29
    7.3% 5 Years
    02 Aug 2011
    77.2295
    42.1% 10 Years

    USD/JPY rate change to 30-Jul-2021 → 109.71

     

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