US Dollar to Japanese Yen Exchange Rate Market Daily Trends: ECB Euro Exchange Rates (2024)

FAQs

Is the US Dollar strong in Japan today? ›

US Dollar to Japanese Yen Exchange Rate is at a current level of 158.11, up from 157.87 the previous market day and up from 141.86 one year ago. This is a change of 0.15% from the previous market day and 11.45% from one year ago.

1 USD = 157.8835 JPY Jun 19, 2024 13:22 UTC

The currency converter below is easy to use and the currency rates are updated frequently. This is very much needed given the extreme volatility in global currencies lately. Sending money abroad is as easy as ever.

Best U.S. Dollar / Japanese Yen Exchange Rate Today: 157.6260.

USD/JPY Daily Outlook

USD/JPY is staying in tight range below 158.25 temporary top and intraday bias remains neutral. Further rally would be in favor as long as 154.53 support holds. Break of 158.25 will resume the choppy rise from 151.86 towards 160.20 high.

The Japanese yen has been steadily depreciating since the beginning of the year, thanks in part to the delayed prospect of rate cuts by the US Federal Reserve and the strength of the US economy. Goldman Sachs Research expects the yen to remain at or above 150 to the dollar over a 12-month horizon.

When to exchange: Although it depends on the currency, it is generally better to exchange yen in Japan than in your home country, due to a lower commission and better exchange rate. Similarly, you'll typically get better rates away from the major airports.

1 USD = 0.93123 EUR Jun 10, 2024 14:26 UTC

Check the currency rates against all the world currencies here.

Exchanging Currency at Home and Overseas

The following are some of the best and least expensive places to convert currency: Local banks and credit unions usually offer the best rates.

Why is the yen falling? The value of a country's currency rises and falls relative to currencies elsewhere in line with the laws of supply and demand. At the moment, investors are being driven to offload the yen due to a yawning gulf in interest rates between Japan and the United States.

Will the yen go back up? ›

Highlights and Key Points: USD JPY Forecast 2024-2030

The pair may rise to ¥179 by 2025 and break above ¥230 by the decade's end. Periods of the yen's strengthening may lead to temporary pullbacks. The USDJPY is expected to grow moderately in the long term. However, unpredictable fluctuations cannot be ruled out.

Overall, the WSJ Dollar Index has risen about 4% this year, with the dollar up about 2% against the euro and more than 11% higher than the Japanese yen. This means the dollar goes particularly far in Japan, where the yen is at its weakest in decades, and in Argentina, where the peso is near a record low.

What is the best currency to take to Japan? You will need yen wherever you go but it's easy to organise. You will usually get the best value by ordering currency before departure.

Plan to exchange your money at the airport when you arrive. The rates are the same as at the banks, and you want to have Japanese yen once you leave the airport. It is possible to exchange money at major hotels, but the rates are usually not as good.

Japan. The U.S. dollar is currently worth about 156 Japanese yen, a gain of more than 11 percent over the past year.

Assuming flights and accommodation are already paid for, budget travellers should get by on around ¥8,000 (around US$75) per day, which will be enough to cover simpler meals and visits to the main attractions.

When to exchange: Although it depends on the currency, it is generally better to exchange yen in Japan than in your home country, due to a lower commission and better exchange rate. Similarly, you'll typically get better rates away from the major airports.