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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.

 

Recent developments in the currency market indicate a challenging environment for the Japanese yen (JPY). The imposition of a 24% reciprocal tariff by the US on Japanese goods has added to the ongoing trade tensions, prompting market reactions that have seen both the yen and the Swiss franc gain strength as safe-haven assets. This trend reflects a broader inclination among traders to seek refuge amid rising geopolitical and economic uncertainties.

Despite these conditions, analysts at MUFG Research have set a forecast for the USD/JPY exchange rate at 154.00 for the first quarter of 2025, projecting a gradual decline to 148.00 by the fourth quarter of the same year. However, the yen's recent depreciation against the dollar may necessitate a recalibration of these forecasts as market dynamics evolve.

Factors influencing the yen's exchange rate include Japan's monetary policy, economic performance, and global risk sentiment. The Bank of Japan's ultra-low interest rate policy continues to shape the currency landscape, encouraging carry trades that typically weaken the yen during periods of market stability. Conversely, in times of economic stress, the yen appreciates due to the unwinding of these trades.

Recent trading data shows the JPY to USD rate at 0.006836, which is 1.3% below its three-month average of 0.006928 and has remained within a stable 5.4% range from 0.006735 to 0.007099. Similarly, the JPY to EUR is at 0.005841, marking a 3.6% decline from its three-month average of 0.006058, with fluctuations contained to a 6.3% range from 0.005818 to 0.006186. The JPY to GBP stands at 0.005034, also down by 2.4% compared to its three-month average of 0.005156, having traded in a 6.2% range from 0.005019 to 0.005331.

Overall, the yen's performance in the near future will hinge on the Bank of Japan's continued policy stance, global risk appetite, and ongoing trade relations, particularly with key partners like the US and China. A potential shift from the current low interest rates could bolster the yen’s strength, while any persistence in loose monetary policies may keep it subdued against higher-yielding currencies.

 

US dollar to Japanese yen - USD/JPY Trend

 
USD to JPY at 146.3 is 1.3% above its 3-month average of 144.4, having traded in a quite stable 5.4% range from 140.9 to 148.5
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30d-highs
 
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Top JPY Rates


Japanese yen to US dollar
JPYUSD 90 day chart

JPY to USD at 0.006836 is 1.3% below its 3-month average of 0.006928, having traded in a quite stable 5.4% range from 0.006735 to 0.007099
JPY to USD
0.006804
30d-lows

Japanese yen to Euro
JPY to EUR at 0.005841 is 3.6% below its 3-month average of 0.006058, having traded in a relatively stable 6.3% range from 0.005818 to 0.006186
JPY to EUR
0.005823
+0.2%
90d-lows

Japanese yen to Canadian dollar
JPYCAD 90 day chart

JPY to CAD at 0.009335 is 2.2% below its 3-month average of 0.009542, having traded in a quite stable 5.4% range from 0.009320 to 0.009827
JPY to CAD
0.009322
-0.2%
90d-lows

Japanese yen to British pound
JPYGBP 90 day chart

JPY to GBP at 0.005034 is 2.4% below its 3-month average of 0.005156, having traded in a relatively stable 6.2% range from 0.005019 to 0.005331
JPY to GBP
0.005027
+0.1%
90d-lows

Japanese yen to Indian rupee
JPYINR 90 day chart

JPY to INR at 0.5861 is 1.1% below its 3-month average of 0.5928, having traded in a quite stable 5.7% range from 0.5722 to 0.6046
JPY to INR
0.5844
30d-lows

Japanese yen to Australian dollar
JPYAUD 90 day chart

JPY to AUD is at 90-day lows near 0.010369, 3.3% below its 3-month average of 0.010728, having traded in a relatively stable 7.0% range from 0.010369 to 0.011095
JPY to AUD
0.010350
-0.8%
90d-lows

Japanese yen to Singapore dollar
JPY to SGD at 0.008745 is 2.4% below its 3-month average of 0.008957, having traded in a relatively stable 6.1% range from 0.008731 to 0.009261
JPY to SGD
0.008715
-0.1%
90d-lows

Japanese yen to Chinese yuan
JPYCNY 90 day chart

JPY to CNY at 0.049049 is 1.9% below its 3-month average of 0.05001, having traded in a relatively stable 6.7% range from 0.048518 to 0.051769
JPY to CNY
0.048798
-0.1%
30d-lows

A-Z


Japanese yen to Australian dollar
JPYAUD 90 day chart

JPY to AUD is at 90-day lows near 0.010369, 3.3% below its 3-month average of 0.010728, having traded in a relatively stable 7.0% range from 0.010369 to 0.011095
JPY to AUD
0.010350
-0.8%
90d-lows

Japanese yen to Canadian dollar
JPYCAD 90 day chart

JPY to CAD at 0.009335 is 2.2% below its 3-month average of 0.009542, having traded in a quite stable 5.4% range from 0.009320 to 0.009827
JPY to CAD
0.009322
-0.2%
90d-lows

Japanese yen to Chinese yuan
JPYCNY 90 day chart

JPY to CNY at 0.049049 is 1.9% below its 3-month average of 0.05001, having traded in a relatively stable 6.7% range from 0.048518 to 0.051769
JPY to CNY
0.048798
-0.1%
30d-lows

Japanese yen to Hong Kong dollar
JPY to HKD at 0.053659 is just 0.9% below its 3-month average of 0.054135, having traded in a quite stable 5.0% range from 0.052478 to 0.055083
JPY to HKD
0.053412
30d-lows

Japanese yen to Indian rupee
JPYINR 90 day chart

JPY to INR at 0.5861 is 1.1% below its 3-month average of 0.5928, having traded in a quite stable 5.7% range from 0.5722 to 0.6046
JPY to INR
0.5844
30d-lows

Japanese yen to Philippine peso
JPYPHP 90 day chart

JPY to PHP at 0.3863 is just 0.7% below its 3-month average of 0.3892, having traded in a relatively stable 6.7% range from 0.3765 to 0.4019
JPY to PHP
0.3844
-0.2%
30d-lows

Japanese yen to Singapore dollar
JPY to SGD at 0.008745 is 2.4% below its 3-month average of 0.008957, having traded in a relatively stable 6.1% range from 0.008731 to 0.009261
JPY to SGD
0.008715
-0.1%
90d-lows

Japanese yen to Thai baht
JPYTHB 90 day chart

JPY to THB at 0.2228 is 2.2% below its 3-month average of 0.2279, having traded in a relatively stable 6.4% range from 0.2222 to 0.2364
JPY to THB
0.2213
-0.2%
90d-lows

Japanese yen to US dollar
JPYUSD 90 day chart

JPY to USD at 0.006836 is 1.3% below its 3-month average of 0.006928, having traded in a quite stable 5.4% range from 0.006735 to 0.007099
JPY to USD
0.006804
30d-lows