USD to JPY - Compare Rates

Comparing USD JPY Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

Country Guides - Japanese Yen

Japan (JPY)

US Dollar - Japanese Yen Forecasting

The US Dollar bottomed out at the beginning of September 1 since then the dollar has strengthened against the euro, pound, Australian dollar, Canadian dollar and others. This was off the back of a recent (downward) correction in global equities which triggered a risk-off environment and a return to demand for the dollar as a safe-haven currency. Global news around a second wave of COVID-19 and uncertainty around the US election has pushed the US dollar higher and moving in the opposite direction of the S&P 500 (US stock index). News around the election will increasingly weigh on the direction of the USD in October and volatility is likely. Key market drivers will be potential policy outcomes and uncertainty around results which could generate USD safe-haven demand. The Japanese yen was the best performer within the major currencies in September. Despite radical monetary policy, the Bank of Japan now projects that it won’t accomplish its 2% inflation target at least until March 2022. The BoJ will hold a monetary policy meeting on October 28. Any announcements on interest rates and monetary policy could impact the value of the yen. Typically, JPY will gain when stock markets depreciate. Further correction of the equity markets from all-time highs, and safe haven demand driven by uncertainty, could put the currency in good stead to continue its upward trend. October Update

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.

Read more about FX Broker and Bank analysts' predictions for USD to JPY future trends in our blog article USD to JPY Forecast Review.

How to get Best USD to JPY Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

When is the best time to exchange USD to JPY?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup BER.me FX Alerts