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Japanese yen Markets

JPY Currency Update - Our review of Japanese yen forecasts and news plus charts and historic rates. Check JPY Trends over various time periods.

 

Japanese yen (JPY) Market Update

The Japanese yen (JPY) has gained strength following the Bank of Japan's recent decision to raise its key interest rate to a 17-year high, signaling a significant shift from the previously entrenched low borrowing costs. Market analysts had anticipated this move as the central bank adopted a more bullish outlook on inflation, fueling expectations for further rate hikes. This monetary policy shift has led the JPY/USD pair to reach 90-day highs near 0.006780, showing a notable 4.3% appreciation above its three-month average of 0.006503. The momentum in the yen is underpinned by its safe-haven status amid ongoing global economic uncertainty and changing trader sentiment.

In addition to the upward trend against the dollar, the yen has maintained stable performance against the Euro and the pound. The JPY/EUR pair hovers just above its three-month average at 0.006245, while the JPY/GBP is trading at 0.005242, a slight 1.0% increase over its average. FX analysts point out that the yen's recent strength is influenced by various factors including Japan's export competitiveness, ongoing geopolitical tensions, and the overall demand for safe-haven currencies in turbulent times. With the shifting landscape of global economic performance and increased focus on Japan’s monetary policy, the outlook for the yen will continue to evolve, hinging on investor sentiment and potential further actions from the Bank of Japan.

 

US dollar to Japanese yen - USD/JPY Trend

 
USD to JPY at 144.1 is just 0.8% below its 3-month average of 145.3, having traded in a relatively stable 7.2% range from 140.9 to 151.0
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Top JPY Rates


Japanese yen to US dollar
JPYUSD 90 day chart

JPY to USD at 0.006939 is just 0.8% above its 3-month average of 0.006887, having traded in a relatively stable 7.2% range from 0.006621 to 0.007099
JPY to USD
0.006952

Japanese yen to Euro
JPY to EUR is at 90-day lows near 0.006007, 2.1% below its 3-month average of 0.006135, having traded in a quite stable 5.0% range from 0.006007 to 0.006306
JPY to EUR
0.005995
90d-lows

Japanese yen to Canadian dollar
JPYCAD 90 day chart

JPY to CAD is at 30-day lows near 0.009427, 1.7% below its 3-month average of 0.009594, having traded in a quite stable 4.4% range from 0.009413 to 0.009827
JPY to CAD
0.009414
30d-lows

Japanese yen to British pound
JPYGBP 90 day chart

JPY to GBP at 0.005115 is 1.5% below its 3-month average of 0.005195, having traded in a quite stable 5.1% range from 0.005096 to 0.005355
JPY to GBP
0.005111

Japanese yen to Indian rupee
JPYINR 90 day chart

JPY to INR is at 7-day highs near 0.5976, 1.4% above its 3-month average of 0.5892, having traded in a relatively stable 6.6% range from 0.5672 to 0.6046
JPY to INR
0.5976

Japanese yen to Australian dollar
JPYAUD 90 day chart

JPY to AUD at 0.010685 is 1.0% below its 3-month average of 0.010798, having traded in a fairly volatile 9.5% range from 0.010478 to 0.011476
JPY to AUD
0.010634

Japanese yen to Singapore dollar
JPY to SGD at 0.008893 is 1.3% below its 3-month average of 0.009014, having traded in a quite stable 5.3% range from 0.008797 to 0.009261
JPY to SGD
0.008890

Japanese yen to Chinese yuan
JPYCNY 90 day chart

JPY to CNY at 0.049834 is near its 3-month average, having traded in a relatively stable 7.6% range from 0.048104 to 0.051769
JPY to CNY
0.049919

A-Z


Japanese yen to Australian dollar
JPYAUD 90 day chart

JPY to AUD at 0.010685 is 1.0% below its 3-month average of 0.010798, having traded in a fairly volatile 9.5% range from 0.010478 to 0.011476
JPY to AUD
0.010634

Japanese yen to Canadian dollar
JPYCAD 90 day chart

JPY to CAD is at 30-day lows near 0.009427, 1.7% below its 3-month average of 0.009594, having traded in a quite stable 4.4% range from 0.009413 to 0.009827
JPY to CAD
0.009414
30d-lows

Japanese yen to Chinese yuan
JPYCNY 90 day chart

JPY to CNY at 0.049834 is near its 3-month average, having traded in a relatively stable 7.6% range from 0.048104 to 0.051769
JPY to CNY
0.049919

Japanese yen to Hong Kong dollar
JPY to HKD at 0.054471 is 1.5% above its 3-month average of 0.053673, having traded in a relatively stable 7.0% range from 0.051483 to 0.055083
JPY to HKD
0.054574

Japanese yen to Indian rupee
JPYINR 90 day chart

JPY to INR is at 7-day highs near 0.5976, 1.4% above its 3-month average of 0.5892, having traded in a relatively stable 6.6% range from 0.5672 to 0.6046
JPY to INR
0.5976

Japanese yen to Philippine peso
JPYPHP 90 day chart

JPY to PHP is at 7-day highs near 0.3891, just above its 3-month average, having traded in a relatively stable 6.7% range from 0.3765 to 0.4019
JPY to PHP
0.3923

Japanese yen to Singapore dollar
JPY to SGD at 0.008893 is 1.3% below its 3-month average of 0.009014, having traded in a quite stable 5.3% range from 0.008797 to 0.009261
JPY to SGD
0.008890

Japanese yen to Thai baht
JPYTHB 90 day chart

JPY to THB is at 60-day lows near 0.2247, 1.9% below its 3-month average of 0.2291, having traded in a relatively stable 7.3% range from 0.2223 to 0.2385
JPY to THB
0.2253
60d-lows

Japanese yen to US dollar
JPYUSD 90 day chart

JPY to USD at 0.006939 is just 0.8% above its 3-month average of 0.006887, having traded in a relatively stable 7.2% range from 0.006621 to 0.007099
JPY to USD
0.006952