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Japanese yen JPY forecasts for 2020

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Japanese yen forecast

JPY in the markets

The threat of proxy war between the US and Iran in Iraq has helped bring on the recent gains in the Japanese yen and US dollar plus currencies pegged to the greenback such as the Hong Kong dollar.

Last year, HSBC warned against thinking that yen-supporting safe-haven flows would soon stop, implying that the yen could have more upside potential in the near term. The bank highlighted the “desolation and destruction” (an exaggeration) present in many major economies and currencies. “You can never get too high,” the bank’s chief analyst said.

USD/JPY – 6 month chart

JPY forecasts

Sotiabank continue to forecast year-end rates for USD/JPY, AUD/JPY and EUR/JPY of 108, 80 and 130 respectively.

You can also read our full Foreign Exchange Guide to Japan.

 

Japanese yen – Historical Rates

PeriodChange*USD/JPYDate
1 Day-0.6%110.854724 Feb 2020
7 Day+0.2%109.921218 Feb 2020
30 Day+1.3%108.801526 Jan 2020
3 Month+0.7%109.373227 Nov 2019
1 Year-0.8%111.042225 Feb 2019
5 Year-7.6%119.271426 Feb 2015
10 Year+23.7%89.026327 Feb 2010

*For period to 25-Feb 21UTC when USD/JPY was 110.1675

 

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