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.
Forecasts Updated: Jul 27, 2021
USD/JPY – Against the Japanese Yen, the Dollar finished the week higher mirroring the moves in the benchmark US 10-year yield. The Dollar settled at 110.54 Yen from 110.07 last Friday. The USD/JPY had a volatile week, trading a range between 109.06 and 110.59. Public holidays in Tokyo on Thursday and Friday saw thinner volume markets which resulted in choppy trade.
USD to JPY at 109.7is near its 90-day average, range 108.6-111.5.
July 2nd – USD/JPY rose above 111¥ – its highest level in over two years.
The decline in the US 10-year bond yield to 1.44%, March lows pulled the Dollar lower against the Yen. Lower US bond yields will continue to cap the Dollar above 110 against the Yen.
USD/JPY – retreated from 7-day highs around 110.30 to 109.30 late last week. The decline in the US 10-year bond yield to 1.44%, March lows pulled the Dollar lower against the Yen. JPY Forecasts
The USD to JPY currency pair generally goes up whenever there is overall Dollar strength and market’s in a risk-on stance.
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.
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.
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