The best USD to JPY rate is 146.83, and is the current mid-market exchange rate. We help you compare US dollar to Japanese yen rates and costs to this live market rate.
In this Dollar to yen (USD/JPY) rate guide:
USD to JPY 
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Japanese yen (JPY) rates from different sources before making a conversion.
The below Rate Comparison Table makes it easy to compare the Total Cost you are being charged on Dollar to yen currency rates and the possible savings of using various providers.
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US dollar (USD) to Japanese yen (JPY) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | USD/JPY | Change | Period |
|---|---|---|---|
17 Nov 2023 | 149.54 | 1.8% ▼ | 2 Week |
02 Sep 2023 | 146.20 | 0.4% ▲ | 3 Month |
01 Dec 2022 | 135.15 | 8.6% ▲ | 1 Year |
02 Dec 2018 | 113.77 | 29% ▲ | 5 Year |
03 Dec 2013 | 102.47 | 43.3% ▲ | 10 Year |
06 Dec 2003 | 107.92 | 36% ▲ | 20 Year |
The USD/JPY exchange rate has been a topic of considerable interest for FX analysts, who closely monitor the strength of the US dollar against the backdrop of a robust domestic economy and high Treasury yields. Despite sporadic weaknesses, the dollar's resilience has been noteworthy. Concerns about global economic growth and issues in China have prompted investors to lean towards the safety of the US dollar, bolstering its position against many major currencies. According to a Reuters poll of forex strategists, the dollar's strength is expected to persist throughout the year-end, with a modest weakening against major currencies forecasted into the next year, especially as the Federal Reserve approaches its anticipated interest rate cut. Additionally, economists anticipate that the current cycle of interest rate hikes by the Federal Reserve will conclude in 2024, leading to a reversal of the US dollar's strength that has prevailed over the past year.
Read our full USD to JPY forecasts analysis
There are several ways to save on exchange rates when converting US dollar to Japanese yen:
Generally speaking, if you are buying Japanese yen with US dollar, then it's better for the USD/JPY exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/JPY to your personalised BER Smart Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.
Read our Currency guide to Japan - a practical currency and money guide to travel, living and doing business in Japan with the Japanese yen.
| United States (USD) | Japan (JPY) |
The cost of living in Japan can vary depending on location, lifestyle, and individual needs. However, generally speaking, Japan is known to be one of the more expensive countries in the world, especially in terms of accommodation and transportation.
Accommodation costs, particularly in the big cities such as Tokyo and Osaka, can be quite high. Rent for apartments can be very expensive, and purchasing a home can be out of reach for many.
Read more at our Japan (JPY) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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