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.
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.
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.
13 Jan 2021
|0.3% ▼||1 Week|
21 Dec 2020
|0.2% ▲||30 Days|
22 Oct 2020
|1.3% ▼||90 Days|
21 Jan 2020
|5.8% ▼||1 Year|
22 Jan 2016
|12.5% ▼||5 Years|
23 Jan 2011
|25.3% ▲||10 Years|
USD/JPY 10 year historic rates & change to 20-Jan-2021 : 103.55