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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

 

Based on recent exchange rate analyst forecasts and market updates, the USD/JPY exchange rate appears poised for potential movements in the near term. The US Dollar (USD) has been rallying due to unexpected acceleration in inflation, leading to speculations on the Federal Reserve's monetary policy stance. With the USD strengthening against its peers, including the Japanese Yen (JPY), the current USD/JPY rate stands at 7-day highs near 148.3, indicating a 1.0% increase from its 3-month average of 146.8.

On the other hand, factors influencing the Japanese Yen (JPY) include market sentiment towards the Bank of Japan's upcoming monetary policy decisions and the impact of global oil prices. The recent highs of the USD/JPY pair near 148.3 could see potential movements towards the forecasted range of 143-149. However, it is essential to consider the impact of the yen's safe-haven status and any shifts in the US-Japan interest-rate gap. Additionally, with oil prices trading at 5.8% above their 3-month average, any significant trends in oil prices could also impact the JPY's performance in the forex markets.

Given the mixed market conditions and upcoming economic data releases, including key events like the Fed's interest rate decision and the Bank of Japan meeting, the USD/JPY exchange rate may experience fluctuations based on evolving market dynamics and geopolitical factors. FX analysts suggest monitoring these key economic indicators along with global developments to navigate potential changes in the USD/JPY exchange rate in the coming weeks.

 
@bestfxrates : USD/JPY hits 7-day peak near 148.3, up from 3-mo avg of 146.8. Rally driven by US inflation & Fed policy speculations. Eyes on BoJ moves & oil price effects. Potential range 143-149 amidst safe-haven shifts & US-Japan rate gap. Watch Fed & BoJ meetings for next rate cues. #ForexUpdate #USDJPY

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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 =
149.23We compare provider deals to this wholesale mid-market rate. Read more
JPY
+0.1%
📈1W
USD to JPY is at 7-day highs near 149.1, 1.3% above its 3-month average of 147.2, having traded in a relatively stable 7.1% range from 140.8 to 150.8
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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
04 Mar 2024
150.46
0.9% 2 Week
19 Dec 2023
143.92
3.6% 3 Month
19 Mar 2023
132.28
12.7% 1 Year
20 Mar 2019
110.67
34.8% 5 Year
21 Mar 2014
102.28
45.8% 10 Year
23 Mar 2004
106.76
39.7% 20 Year
USD/JPY historic rates & change to 18-Mar-2024
 

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 Rate Tracker to track and benefit from currency movements.

 
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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