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    USD to JPY 2024 Forecasts

    Analysis of recent Dollar → Yen forecasts for 2024. We collate forecasts from respected FX analysts together with the latest US dollar to Japanese yen performance and trends.

     

    Forecasts for USD to JPY

     

    The USD has been under pressure recently as US inflation eased and retail data disappointed, leading to increased expectations of a Federal Reserve rate cut. Despite a strong performance in April, the USD's future outlook hinges on upcoming economic data, particularly the May CPI figures. Analysts believe that high CPI data could delay potential rate cuts until September, with markets closely monitoring the May 15 CPI release and the impact it may have on USD performance.

    Conversely, the JPY weakened against the USD during April due to robust US economic data, prompting concerns about potential yen interventions by the Bank of Japan. Despite the BoJ's decision to keep interest rates unchanged, forecasts suggest possible hikes in the future to maintain inflation near the 2% target. Recent speculation regarding JPY interventions has led to temporary relief for the yen, with concerns remaining about the persistent interest rate differentials between Japan and the US. The expected USDJPY range for May is forecasted between 152.00 and 158.00, reflecting the ongoing influence of economic data and central bank actions on the exchange rate.

    The USDJPY pair currently stands at 155.4, showing a 2.1% increase from its average over the past three months. With the yen's value being impacted by interest rate differentials and potential interventions, further market movements will likely be influenced by upcoming economic indicators and central bank actions. Furthermore, the recent Brent Crude OIL/USD price data revealed oil prices at 83.44, slightly below the three-month average, highlighting the volatile nature of oil markets that could add another layer of complexity to the movement of the Japanese yen against the US dollar.

     
    @bestfxrates : USD under pressure as inflation cools & retail disappoints. Expectations of Fed rate cut rise, fate tied to May CPI. Analysts eye delay in cuts if CPI high. USDJPY at 155.4, may swing within 152-158. JPY's rate differential & potential BoJ intervention key drivers. Eyes on Oil/USD for extra volatility. #ForexCurrency #USDJPY #MarketUpdate

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    USD to JPY Market Data

    US dollar (USD) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 USD =
    155.64We compare provider deals to this wholesale mid-market rate. Read more
    JPY
    +0.1%
    1W
    USD to JPY at 155.6 is 2.2% above its 3-month average of 152.3, having traded in a relatively stable 7.8% range from 146.9 to 158.3
    |
    Sell USD   →   Buy JPY
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    Compare & Save - US dollar to Japanese yen

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Japanese yen (JPY) rates from different sources before making a conversion.

    Use our USD to JPY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Dollar to Yen currency rates and the possible savings of using various providers.

     
    DateUSD/JPYChangePeriod
    03 May 2024
    153.06
    1.7% 2 Week
    17 Feb 2024
    150.23
    3.6% 3 Month
    18 May 2023
    138.63
    12.3% 1 Year
    19 May 2019
    110.17
    41.3% 5 Year
    20 May 2014
    101.32
    53.6% 10 Year
    22 May 2004
    112.13
    38.8% 20 Year
    USD/JPY historic rates & change to 17-May-2024
     

    Will the US dollar rise against the Japanese yen?

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    Read our Currency guide to Japan - a practical currency and money guide to travel, living and doing business in Japan with the Japanese yen.

     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more