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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

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.


 

USDJPY Trend & Alerts

USDJPY at 104.71 is a little below its 90-DAY average, range 104.54-107.27.
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You can also read our full Foreign Exchange Guide to Japan.

AUD to JPY

The Japanese yen was the best performer within the major currencies in September. Despite radical monetary policy, the Bank of Japan now projects that it won’t accomplish its 2% inflation target at least until March 2022. The BoJ will hold a monetary policy meeting on October 28. Any announcements on interest rates and monetary policy could impact the value of the yen. Typically, JPY will gain when stock markets depreciate. Further correction of the equity markets from all-time highs, and safe haven demand driven by uncertainty, could put the currency in good stead to continue its upward trend. October Update

Read more about FX Broker and Bank analysts' predictions for AUD to JPY future trends in our blog article AUD to JPY Forecast Review.



 

AUDJPY Trend & Alerts

AUDJPY at 74.75 is 1.6% below its 90-DAY average, range 74.18-78.12.
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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/JPY rateChangePeriod
16 Oct 2020 : 105.42500.6% ▼1 Week
23 Sep 2020 : 105.30500.5% ▼30 Days
25 Jul 2020 : 106.14251.3% ▼90 Days
24 Oct 2019 : 108.61233.6% ▼1 Year
25 Oct 2015 : 121.376413.7% ▼5 Years
26 Oct 2010 : 81.344828.8% ▼10 Years

USD/JPY 10 year historic rates & change to 23-Oct-2020 : 104.7500

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.