Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

USD to JPY 2025 Forecasts

Analysis of recent dollar → yen forecasts for 2025. We collate forecasts from respected FX analysts together with the latest US dollar to Japanese yen performance and trends.

 

The recent performance of the USD/JPY exchange rate has been influenced by significant economic data and market sentiment. The US dollar has seen appreciation in light of stronger-than-expected U.S. jobs numbers, with non-farm payrolls rising to 147,000 in June and the unemployment rate dropping unexpectedly. This positive economic backdrop has historically strengthened the dollar, which is viewed as a safe-haven currency during periods of uncertainty.

Meanwhile, the Japanese yen has faced pressure from ongoing trade tensions, particularly the recent imposition of a 24% tariff on Japanese goods, which has contributed to a fluctuating yen. Analysts at MUFG Research project a USD/JPY exchange rate of 154.00 for Q1 2025, decreasing to 148.00 by Q4 2025. However, the yen's depreciation against the dollar may prompt a reassessment of these forecasts.

Recent trading patterns indicate that USD/JPY is currently at 144.8, slightly above its three-month average, which suggests stability within a 5.4% range from 140.9 to 148.5. These figures reflect a broader trend where the strength of the dollar has a direct impact on the yen’s value. With the dollar being heavily influenced by U.S. monetary policy, inflation trends, and trade relations, any shifts could cause notable movements in the USD/JPY pair.

The price of oil has also been a contributing factor to currency fluctuations, with the recent Brent Crude OIL/USD trading at 68.80, above its three-month average, which can affect the yen due to Japan's reliance on energy imports. A rising oil price can actually lead to increased demand for the dollar, as it is the currency used for most global transactions, thus exerting downward pressure on the yen.

Overall, future trends in the USD/JPY exchange rate will likely hinge on developments in U.S. economic performance, Federal Reserve policy, and Japan's monetary stance, particularly regarding interest rates. Investors should remain vigilant to changes in global trade dynamics and geopolitical relations, as these will continue to shape the outlook for both currencies.

USD-JPY Rate Calculator

 
   
   
   
   
 
   
 
 

USD to JPY Market Data

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

 
Sell USD   →   Buy JPY
1 USD =
144.47We compare provider deals to this wholesale mid-market rate. Read more
JPY
+0.8%
14d-lows
USD to JPY at 144.8 is just above its 3-month average, having traded in a quite stable 5.4% range from 140.9 to 148.5
|
Tracker

Manage Tracker   

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.

 
 

Will the US dollar rise against the Japanese yen?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the US dollar vs Japanese yen current value is to look the USD/JPY historic rate and change over a range of periods.

The following table looks at the change in the USD to JPY exchange rate over periods from the previous week back to the last 10 years.

DateUSD/JPYChangePeriod
20 Jun 2025
146.11
1.1% 2 Week
05 Apr 2025
147.04
1.7% 3 Month
04 Jul 2024
161.36
10.5% 1 Year
05 Jul 2020
107.59
34.3% 5 Year
07 Jul 2015
122.49
18% 10 Year
09 Jul 2005
112.33
28.6% 20 Year
USD/JPY historic rates & change to 04-Jul-2025

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.

 
Track Rate
 

Manage Tracker   

 

Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

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