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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.

 

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?


The JPY has lost value as markets appreciate positive market sentiment associated with Joe Biden’s election win and vaccine news.

USD/JPY in the markets

SEB Group see the USD/JPY rate at 110 by the end of 2021. USD-JPY Forecasts


 
USDJPY at 108.1 has risen 0.7% above its 90-day average, range 103.5-110.7.
1D-0.6% 30DLOW
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Alerts:1D-0.6% | 30DLOW |

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

In the first weeks of April AUD/JPY is steady around ¥83-¥84, well past National Australia Bank’s prediction of ¥79 for the end of the first quarter 2021. AUD-JPY Forecasts



 
AUDJPY at 83.41 has risen 0.8% above its 90-day average, range 79.66-84.88.
1D-0.7%
|
Alert:1D-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
109.38
12 Apr 2021
1.1% ▼1 Week
108.92
20 Mar 2021
0.7% ▼30 Days
103.90
19 Jan 2021
4.1% ▲90 Days
107.70
19 Apr 2020
0.4% ▲1 Year
109.63
20 Apr 2016
1.3% ▼5 Years
81.9166
22 Apr 2011
32% ▲10 Years

USD/JPY 10 year historic rates & change to 19-Apr-2021 : 108.15

   
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.