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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

     

    Recent forecasts and market updates suggest a mixed outlook for the USD to JPY exchange rate. The US dollar has been rallying following better-than-expected inflation data, leading to a surge in the dollar against the yen. The US economy's strength, reflected in blowout jobs reports and inflation figures, has shifted market expectations regarding potential Federal Reserve rate cuts, delaying anticipated reductions. On the other hand, the Japanese yen has weakened to its lowest level since 1990 as the Bank of Japan's recent pivot in March was underwhelming for markets, prompting warnings of bold actions. Interest-rate differentials between Japan and other developed economies, such as the US, remain wide, further pressuring the yen.

    USD to JPY is currently trading at 153.2, approximately 2.5% above its 3-month average of 149.5, within a relatively stable 5.8% range. This indicates some level of strength for the USD against the JPY in the short term. Additionally, the oil price movements might impact the Japanese yen as well, with OIL to USD currently at 90.23, 8.1% above its 3-month average, trading in a volatile range. Overall, considering the factors influencing both currencies, FX analysts anticipate continued volatility in the USD to JPY exchange rate with potential fluctuations based on economic data releases and central bank actions.

     
    @bestfxrates : USDJPY soars to a 34-year high as the US dollar flexes on strong job data & tame inflation. Fed rate cuts seem off the table, bolstering USD. With the BOJ's unconvincing policy, the yen falters. Key FX analysts watch US economic cues closely, expecting more volatility ahead. #USDJPY #ForexMarket #CurrencyTrading

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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 =
    153.00We compare provider deals to this wholesale mid-market rate. Read more
    JPY
    +0.0%
    3M
    USD to JPY at 153.2 is 2.5% above its 3-month average of 149.5, having traded in a quite stable 5.8% range from 144.9 to 153.3
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    Sell USD   →   Buy JPY
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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
    28 Mar 2024
    151.45
    1.2% 2 Week
    12 Jan 2024
    144.87
    5.8% 3 Month
    12 Apr 2023
    133.09
    15.1% 1 Year
    13 Apr 2019
    112.03
    36.8% 5 Year
    14 Apr 2014
    101.82
    50.5% 10 Year
    16 Apr 2004
    108.00
    41.9% 20 Year
    USD/JPY historic rates & change to 11-Apr-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.

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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