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USD to JPY Forecasts

USD/JPY forecasts change all the time, affected by news events and relative sentiment towards the US and Japanese economies and this exchange rate is even more volatile than usual because of the uncertainties around the Coranavirus pandemic.

Goldman Sachs and RBC Capital forecast a large drop for US dollar against Japanese Yen to continue with a USD/JPY rate of 95 in the near future.

Japan’s efficient management of COVID-19 leaves the economy well-positioned for recovery, and the yen could benefit. As other developed countries have reduced interest rates to stimulate their economies the yen is now not the only “low-yield currency”.

Get more details in the article Japanese Yen Forecasts.

 

USDJPY Trend & Alerts

USDJPY at 103.49 is a little below its 90-DAY average, range 102.72-105.43.
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US Dollar to Japanese Yen
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The foreign exchange market convention for USD/JPY is to quote Japanese yen as Yen per US dollar. Thus a higher USD/JPY rate actually means one yen is worth less, that is you can buy more yen for 1 USD.

You can read about other USD exchange rate forecasts here US Dollar Trends and Forecasts for 2020.

 

USD to JPY Exchange Rates – Compare and Save

 

What is a good USD to JPY exchange rate?

Whether the US dollar will rise or drop in the future against the yen is a difficult question and the answer really depends on many factors. The best way to consider the current USD-JPY relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.

USD/JPYChangePeriod
103.83
13 Jan 2021
0.3% ▼1 Week
103.34
21 Dec 2020
0.2% ▲30 Days
104.91
22 Oct 2020
1.3% ▼90 Days
109.91
21 Jan 2020
5.8% ▼1 Year
118.38
22 Jan 2016
12.5% ▼5 Years
82.6504
23 Jan 2011
25.3% ▲10 Years

USD/JPY 10 year historic rates & change to 20-Jan-2021 : 103.55

 
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.