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    USD to JPY Forecasts

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


    What are USD to JPY forecasts?

    The US Dollar (USD) has experienced modest gains recently as a result of heightened economic tensions between the United States and China, which increased the appeal of the safe-haven currency. Furthermore, FX analysts expect that the upcoming PMIs from S&P Global could potentially drive down USD demand due to a forecasted weaker services reading and a stall in factory activity. Despite this, economists predict that the strength of the US dollar will reverse in 2023 as the Fed's interest rate hikes cycle comes to an end.

    The Japanese Yen (JPY), on the other hand, has shown more volatility lately following the Bank of Japan's (BoJ) decision to leave interest rates unchanged. This has caused JPY to lose ground against the USD, with USD/JPY moving from around ¥133 at the start of April to ¥136.30 at the end of the month. For the month of May, the USD/JPY is expected to trade between ¥129.70 and ¥139.70. The market view identifies three main factors that impact the USD/JPY exchange rate: the widening of the US-Japan interest-rate gap, changes to global oil prices, and the yen's safe-haven status. The USD/JPY currently sits at 90-day highs near 140.3, which is 4.2% above its 3-month average of 134.7, having traded in a relatively stable 7.4% range from 130.6 to 140.3.

    Rate Calculator - 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.

    This exchange rate calculator makes it easy to compare the Total Cost you are being charged on US dollar to yen currency rates and the possible savings of using various providers.


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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 =
    140.66We compare provider deals to this wholesale mid-market rate. Read more
    USD to JPY is at 90-day highs near 140.7, 4.5% above its 3-month average of 134.7, having traded in a relatively stable 7.7% range from 130.6 to 140.7
    Sell USD   →   Buy JPY
    Track Rate
    12 May 2023
    3.6% 2 Week
    25 Feb 2023
    3.1% 3 Month
    26 May 2022
    10.7% 1 Year
    27 May 2018
    28.3% 5 Year
    28 May 2013
    37.9% 10 Year
    31 May 2003
    18.2% 20 Year
    USD/JPY historic rates & change to 26-May-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.


    Related exchange rate forecasts


    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