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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.

 

The Japanese yen (JPY) has recently come under pressure, driven by multiple factors including US trade policies and ongoing economic concerns. The imposition of a 24% reciprocal tariff on Japanese goods by the US as part of its broader trade strategy has created additional uncertainties for the yen. Amid stark trade tensions, the yen, traditionally viewed as a safe-haven asset, has managed to strengthen against other currencies, reflecting its appeal during periods of economic instability.

Recently, the yen has depreciated significantly, with the JPY/USD pair trading at 90-day lows near 0.006718, which is 2.7% below its 3-month average. Similarly, the JPY has dipped against the Euro and the pound, with rates at 0.005779 and 0.005010 respectively, both also reflecting notable declines relative to their respective averages. Such movement illustrates how the yen's valuation is closely tied to global risk sentiment, which has been exacerbated by geopolitical tensions.

Forecasts from MUFG Research anticipated a USD/JPY exchange rate of 154.00 for Q1 2025, gradually easing to 148.00 by Q4 2025. However, recent yen weaknesses may prompt analysts to reassess these projections, particularly given the potential for the Bank of Japan (BoJ) to maintain its ultra-low interest rate policy in a bid to stimulate growth and avert deflation. This ongoing monetary stance often contributes to a weaker yen, especially when compared to higher-yielding currencies.

The yen's future trajectory remains contingent upon several factors, including the BoJ's policy decisions, the global economic climate, and trade dynamics. As Japan's economy thrives on exports, a weaker yen could provide a competitive edge, making Japanese products more appealing in international markets. Yet, the delicate balance of fostering trade while managing potential inflationary pressures from rising commodity prices will certainly introduce complexity to the yen's valuation.

Investors and businesses engaged in international transactions should stay attentive to evolving market conditions and forecast revisions, as any significant shifts in sentiment or policy could materially affect the JPY in the near term.

 

US dollar to Japanese yen - USD/JPY Trend

 
USD to JPY at 148.8 is 2.8% above its 3-month average of 144.8, having traded in a quite stable 5.7% range from 140.9 to 148.9
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Top JPY Rates


Japanese yen to US dollar
JPYUSD 90 day chart

JPY to USD is at 90-day lows near 0.006718, 2.7% below its 3-month average of 0.006905, having traded in a quite stable 5.7% range from 0.006718 to 0.007099
JPY to USD
0.006720
-0.1%
90d-lows

Japanese yen to Euro
JPY to EUR is at 90-day lows near 0.005779, 4.1% below its 3-month average of 0.006026, having traded in a relatively stable 7.0% range from 0.005779 to 0.006184
JPY to EUR
0.005779
-0.4%
90d-lows

Japanese yen to Canadian dollar
JPYCAD 90 day chart

JPY to CAD at 0.009229 is 2.9% below its 3-month average of 0.009502, having traded in a relatively stable 6.6% range from 0.009219 to 0.009827
JPY to CAD
0.009229
-0.3%

Japanese yen to British pound
JPYGBP 90 day chart

JPY to GBP is at 90-day lows near 0.005010, 2.4% below its 3-month average of 0.005131, having traded in a quite stable 5.9% range from 0.005010 to 0.005306
JPY to GBP
0.005010
-0.1%
90d-lows

Japanese yen to Indian rupee
JPYINR 90 day chart

JPY to INR at 0.5789 is 2.0% below its 3-month average of 0.591, having traded in a quite stable 5.7% range from 0.5722 to 0.6046
JPY to INR
0.5789

Japanese yen to Australian dollar
JPYAUD 90 day chart

JPY to AUD at 0.010329 is 3.2% below its 3-month average of 0.010667, having traded in a relatively stable 7.6% range from 0.010313 to 0.011095
JPY to AUD
0.010329
-0.4%

Japanese yen to Singapore dollar
JPY to SGD is at 90-day lows near 0.008632, 3.1% below its 3-month average of 0.008909, having traded in a relatively stable 7.3% range from 0.008632 to 0.009261
JPY to SGD
0.008632
-0.3%
90d-lows

Japanese yen to Chinese yuan
JPYCNY 90 day chart

JPY to CNY at 0.048236 is 3.1% below its 3-month average of 0.049771, having traded in a relatively stable 7.4% range from 0.048186 to 0.051769
JPY to CNY
0.048236
-0.2%

A-Z


Japanese yen to Australian dollar
JPYAUD 90 day chart

JPY to AUD at 0.010329 is 3.2% below its 3-month average of 0.010667, having traded in a relatively stable 7.6% range from 0.010313 to 0.011095
JPY to AUD
0.010329
-0.4%

Japanese yen to Canadian dollar
JPYCAD 90 day chart

JPY to CAD at 0.009229 is 2.9% below its 3-month average of 0.009502, having traded in a relatively stable 6.6% range from 0.009219 to 0.009827
JPY to CAD
0.009229
-0.3%

Japanese yen to Chinese yuan
JPYCNY 90 day chart

JPY to CNY at 0.048236 is 3.1% below its 3-month average of 0.049771, having traded in a relatively stable 7.4% range from 0.048186 to 0.051769
JPY to CNY
0.048236
-0.2%

Japanese yen to Hong Kong dollar
JPY to HKD is at 60-day lows near 0.052732, 2.4% below its 3-month average of 0.05401, having traded in a quite stable 5.0% range from 0.052478 to 0.055083
JPY to HKD
0.052733
-0.2%
60d-lows

Japanese yen to Indian rupee
JPYINR 90 day chart

JPY to INR at 0.5789 is 2.0% below its 3-month average of 0.591, having traded in a quite stable 5.7% range from 0.5722 to 0.6046
JPY to INR
0.5789

Japanese yen to Philippine peso
JPYPHP 90 day chart

JPY to PHP at 0.3838 is 1.1% below its 3-month average of 0.3879, having traded in a relatively stable 6.7% range from 0.3765 to 0.4019
JPY to PHP
0.3838
-0.3%

Japanese yen to Singapore dollar
JPY to SGD is at 90-day lows near 0.008632, 3.1% below its 3-month average of 0.008909, having traded in a relatively stable 7.3% range from 0.008632 to 0.009261
JPY to SGD
0.008632
-0.3%
90d-lows

Japanese yen to Thai baht
JPYTHB 90 day chart

JPY to THB is at 90-day lows near 0.2175, 3.9% below its 3-month average of 0.2265, having traded in a fairly volatile 8.7% range from 0.2175 to 0.2364
JPY to THB
0.2176
-0.5%
90d-lows

Japanese yen to US dollar
JPYUSD 90 day chart

JPY to USD is at 90-day lows near 0.006718, 2.7% below its 3-month average of 0.006905, having traded in a quite stable 5.7% range from 0.006718 to 0.007099
JPY to USD
0.006720
-0.1%
90d-lows