OFX USD to JPY Exchange Rates

OFX at a glance

OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

*Minimum transfer amount apply. Please note that the receiving bank or intermediary bank may charge fees on transactions.

@bestfxrates : Recent USDJPY slide to 146.7, a 1.4% dip from 3-mo avg, reflects market caution. Amidst growth risks & Fed rate cut expectations, economists see mixed futures: ING eyes 130 by end-2024, SocGen 125, TD Sec 135. Oil price volatility & BoJ policy key to yen's path. #ForexUpdate #USDJPY

USD to JPY Market Data

US dollar (USD) to Japanese yen (JPY) market data - latest interbank mid-rate, trend, chart & historic rates.

1 USD = JPY

USD to JPY at 146.8 is 1.3% below its 3-month average of 148.8, having traded in a quite stable 4.2% range from 145.6 to 151.7

05-DEC 3AM-NY 8AM-LON 4PM-HK 7PM-SYD

Sell USD → Buy JPY

My Rates

Manage My Rates

60-DAY LOW▼

7-DAY -2.0%1d

Date	USD/JPY	Change	Period
20 Nov 2023	148.38	0.8% ▼	2 Week
05 Sep 2023	147.46	0.2% ▼	3 Month
04 Dec 2022	134.48	9.4% ▲	1 Year
05 Dec 2018	113.05	30.1% ▲	5 Year
06 Dec 2013	102.73	43.2% ▲	10 Year
09 Dec 2003	107.20	37.2% ▲	20 Year

USD/JPY historic rates & change to 04-Dec-2023

Forecasts for USD to JPY

60-DAY LOW▼

7-DAY -2.0%1d

04 DecRecent forecasts from a Reuters poll of forex strategists suggest that the U.S. dollar's robustness, fueled by the strength of the U.S. economy and high Treasury yields, might continue to pose challenges for major currencies like the Japanese yen towards the end of the year. The dollar's resilience appears strong amidst global growth concerns and risks emanating from China's economic condition, reinforcing a bullish outlook for the greenback into 2024. Despite this, there is an expectation within the market for a marginal softening of the dollar against major counterparts, as economists anticipate the Federal Reserve to edge towards its first interest rate cut next year. This potential pivot in U.S. monetary policy is reflected in the overall mixed economic landscape, characterized by decelerating global growth and geopolitical uncertainties.

Read our full USD to JPY forecasts analysis

How to get a good USD to JPY exchange rate

There are several ways to save on exchange rates when converting US dollar to Japanese yen:

Shop around for the best USD/JPY exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
Timing is important: Keep an eye on the USD/JPY rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and JPY at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

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.

Will the US dollar rise against the Japanese yen?

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.

Manage My Rates

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.

Country Currency Guides

United States (USD)

Japan (JPY)

How is the cost of living in Japan?

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

Related exchange rates

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

^ Scroll back up to ^