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    USD to JPY Forecasts

    Analysis of recent dollar→yen forecasts. We collate forecasts from respected FX analysts together with the latest USD to JPY performance and trends.


    Forecasts for USD to JPY

    USDJPY chart

    Based on recent exchange rate forecasts and market updates, FX analysts predict that the USD to JPY exchange rate is likely to see some fluctuations in the coming months. Economists expect the US dollar's strength, which has persisted over the past year, to eventually reverse in 2023 as the Federal Reserve concludes its cycle of interest rate hikes. This change in monetary policy could potentially weaken the USD against the JPY.

    Goldman Sachs forecasts a decline in the JPY, with the USDJPY pair potentially reaching 155, the lowest level in decades. The three key factors that will impact this exchange rate are the widening of the US-Japan interest-rate gap, changes in global oil prices, and the JPY's safe-haven status.

    Reviewing recent price data, the USD to JPY exchange rate currently stands at 149.2, which is 3.3% above its 3-month average of 144.5. The rate has displayed significant volatility, fluctuating within a range of 8.3% from 138.1 to 149.6.

    In terms of oil prices, OIL to USD is currently at 95.38, which is 11.7% higher than its 3-month average of 85.37. Oil prices have shown extreme volatility, ranging by 33.7% from 72.26 to 96.61.

    Considering these factors, individuals and businesses should closely monitor the USD to JPY exchange rate, as well as any developments in the US-Japan interest-rate gap, oil prices, and market sentiment toward the JPY as a safe-haven currency.

    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.

    @bestfxrates : FX analysts forecast USD to JPY fluctuations ahead, as Fed's interest rate cycle ends. Keys to watch: US-Japan interest-rate gap, oil prices & JPY's safe-haven status. Goldman Sachs sees USDJPY at historic low of 155. This comes as current USDJPY stands at 149.2. Stay vigilant. #ForexUpdate

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    USD to JPY Market Data

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

    1 USD =
    149.38We compare provider deals to this wholesale mid-market rate. Read more
    USD to JPY at 149.4 is 3.3% above its 3-month average of 144.6, having traded in a fairly volatile 8.3% range from 138.1 to 149.6
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    15 Sep 2023
    1.1% 2 Week
    01 Jul 2023
    3.5% 3 Month
    29 Sep 2022
    3.4% 1 Year
    30 Sep 2018
    31.3% 5 Year
    01 Oct 2013
    52.3% 10 Year
    04 Oct 2003
    34.9% 20 Year
    USD/JPY historic rates & change to 29-Sep-2023

    Will the US dollar rise against the Japanese yen?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add USD/JPY to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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