USD/JPY update & alerts
1 USD = 108.79 JPY
USD/JPY Exchange Rates and Providers Compared
This guide to the United States Dollar to Japanese Yen exchange rate with 90-day chart & alerts, historic rates, forecasts and USD to JPY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our USD/JPY Quick Calculator.
Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for USD/JPY International Money Transfers. Costs are calculated against the current interbank mid-rate.
| Foreign Transfer Providers | Receive JPY(¥) | Exchange Rate | Fee USD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | ¥1,068,800 Best Overall | 106.88 | 0^ | 1.75% | |
 | ¥1,074,200 ¥5,400 more | 107.42 | 0 | 1.25% | |
Banks - Average Rate     Average Bank Rate | ¥1,038,451 ¥30,349 less | 104.45 | 15 | 4.54% |
Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.
| Travel Money Providers | Amount JPY(¥) | Exchange Rate | Fee USD | Total Cost | Deal Links |
|---|---|---|---|---|---|
Banks - Average Rate Average Bank Rate | ¥100,802 ¥1,018 less | 101.82 | U$10 | 7.33% | |
 | ¥96,672 ¥5,148 less | 96.6718 | 0^ | 11.13% |
USD and JPY in the Markets
When determining the best time to make a foreign exchange transaction, in this case the USD vs JPY, you should pay attention to the recent market trends for both currencies.
United States Dollar (USD)
The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).
As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.
Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.
Read more in the article USD Forecasts.
Japanese Yen (JPY)
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.
Read more in the article JPY Forecasts.
Why can't I just get the USD/JPY market rate I see online or in the media?
The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the USD / JPY was traded (bought or sold) in the international markets.
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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
We help you Compare & Save Money on Exchange Rates.
View all USD Exchange Rates