Home pages - full list (A-Z)

Japanese yen news and forecasts

#Forecasts #JPY
Email share     Facebook     LinkedIn    Twitter
  Japanese yen forecast

JPY in the markets

The yen was the star performer in the weeks leading up to this report (May-17), with appreciation driven by a flight to safety following a serious escalation in the US-China trade war. The benchmark yen rate, USD/JPY, was down in the mid-109s, having been as high as 112.4 in late April. Relatively speaking, against their April highs, other yen rates had fallen even more (NZD/JPY was down from 76 to 71.6).

In May, 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

1 Day-0.54%110.214522 May 2019
1 Week-0.24%109.882516 May 2019
1 Month-2.03%111.881923 Apr 2019
6 Months-2.97%112.975224 Nov 2018
1 Year-0.24%109.880023 May 2018
5 Years+7.52%101.947824 May 2014
10 Years+15.46%94.940625 May 2009

*For period to 23-May 21UTC when USD/JPY was 109.6145


Related Articles

Australian Dollar at 4-Month Low After China Announces Tariff Retaliation

The US-China trade war is hotting up and that’s bad news for the Australian dollar, which slipped on Monday to a 4-month low against the dollar, euro and yen.

Last update: 13 May, 2019

Mega Bank Ends Cash Remittances

Japanese mega bank MUFG has announced it will end all over-the-counter money transfer services in June of this year in an effort to avert money laundering.

Last update: 19 Mar, 2019

Australian, New Zealand Dollars Rise Most on Hopes for US-China Trade Deal

The Australian and New Zealand dollar currencies have been the best performing majors in recent days. Each has gained nine-tenths of a cent against the US dollar since Thursday, with appreciation fuelled by the market’s upbeat mood towards a potential US-China trade agreement.

Last update: 26 Feb, 2019

Japan Allows Fintech Payments Specialists to Compete with Banks

Japanese Yen JPY Currency News and Forecasts

The Japanese FSA has announced it will finally remove a ¥1 million (US$9,000) cap on cross-border money transfers handled by non-banking entities, paving the way for a major overhaul of Japan’s remittance industry.

Last update: 11 May, 2019


Posted to: Forecasts


Get a Better FX Deal when you Send and Spend Abroad.


Do NOT follow this link or you will be banned from the site!