2021/08/03. USD TO JPY TODAY
Current USD to JPY exchange rate equal to 109.07 Yens per 1 US Dollar. Today's range: 108.89-109.08. Yesterday's rate 109.05. Change for today +0.02 Yens, +0.02%.
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USD to JPY forecast for tomorrow, this week and month.Dollar to Yen forecast on Wednesday, August, 4: exchange rate 108.77 Yens, maximum 110.40, minimum 107.14. USD to JPY forecast on Thursday, August, 5: exchange rate 108.48 Yens, maximum 110.11, minimum 106.85. Dollar to Yen forecast on Friday, August, 6: exchange rate 108.63 Yens, maximum 110.26, minimum 107.00. USD to JPY forecast on Monday, August, 9: exchange rate 108.19 Yens, maximum 109.81, minimum 106.57.
In 1 week Dollar to Yen forecast on Tuesday, August, 10: exchange rate 108.32 Yens, maximum 109.94, minimum 106.70. USD to JPY forecast on Wednesday, August, 11: exchange rate 107.74 Yens, maximum 109.36, minimum 106.12. Dollar to Yen forecast on Thursday, August, 12: exchange rate 107.60 Yens, maximum 109.21, minimum 105.99. USD to JPY forecast on Friday, August, 13: exchange rate 107.96 Yens, maximum 109.58, minimum 106.34. Dollar to Yen forecast on Monday, August, 16: exchange rate 107.84 Yens, maximum 109.46, minimum 106.22.
In 2 weeks USD to JPY forecast on Tuesday, August, 17: exchange rate 108.24 Yens, maximum 109.86, minimum 106.62. Dollar to Yen forecast on Wednesday, August, 18: exchange rate 108.64 Yens, maximum 110.27, minimum 107.01. USD to JPY forecast on Thursday, August, 19: exchange rate 108.03 Yens, maximum 109.65, minimum 106.41. Dollar to Yen forecast on Friday, August, 20: exchange rate 108.28 Yens, maximum 109.90, minimum 106.66. USD to JPY forecast on Monday, August, 23: exchange rate 108.15 Yens, maximum 109.77, minimum 106.53.
In 3 weeks Dollar to Yen forecast on Tuesday, August, 24: exchange rate 107.48 Yens, maximum 109.09, minimum 105.87. USD to JPY forecast on Wednesday, August, 25: exchange rate 107.77 Yens, maximum 109.39, minimum 106.15. Dollar to Yen forecast on Thursday, August, 26: exchange rate 108.07 Yens, maximum 109.69, minimum 106.45. USD to JPY forecast on Friday, August, 27: exchange rate 108.35 Yens, maximum 109.98, minimum 106.72. Dollar to Yen forecast on Monday, August, 30: exchange rate 107.53 Yens, maximum 109.14, minimum 105.92.
In 4 weeks USD to JPY forecast on Tuesday, August, 31: exchange rate 106.65 Yens, maximum 108.25, minimum 105.05. Dollar to Yen forecast on Wednesday, September, 1: exchange rate 106.65 Yens, maximum 108.25, minimum 105.05. USD to JPY forecast on Thursday, September, 2: exchange rate 106.65 Yens, maximum 108.25, minimum 105.05.
Dollar to Yen forecast by day.
Some amounts at current USD to JPY exchange rate:
1 USD = 109.07 JPY
2 USD = 218.14 JPY. 3 USD = 327.21 JPY. 4 USD = 436.28 JPY. 5 USD = 545.35 JPY. 6 USD = 654.42 JPY. 7 USD = 763.49 JPY. 8 USD = 872.56 JPY. 9 USD = 981.63 JPY.
10 USD = 1,090.70 JPY
11 USD = 1,199.77 JPY. 12 USD = 1,308.84 JPY. 13 USD = 1,417.91 JPY. 14 USD = 1,526.98 JPY. 15 USD = 1,636.05 JPY. 16 USD = 1,745.12 JPY. 17 USD = 1,854.19 JPY. 18 USD = 1,963.26 JPY. 19 USD = 2,072.33 JPY.
U.S. Dollar to Japanese Yen Exchange Rate History
Currency trading can be complicated, given that there are so many factors involved. You have to weigh country-specific variables and look at other non-currency factors that affect a currency's strength. Nothing captures that complexity more than the dollar to yen exchange rate fluctuations over the past three decades.
Changing interest rates
High-interest rates lead to a stronger currency. When interest rates are high, foreign investors are guaranteed a higher return when they invest in that country. Japan is historically one of the countries with the lowest interest rates. In the period between 1972 and 2020, the interest rate in Japan has been an average of 2.71%. On the other hand, the U.S. has had a slightly higher interest rate averaging at 5.59%.
The U.S. currency has thus maintained a stronger position over the yen, with periodic changes in interest rates leading to slight fluctuations in the exchange rate between the two currencies.
A strong government with stable politics attracts investment and strengthens its domestic currency. Both the U.S. and Japan are more politically stable. The difference between the two and slight fluctuations in the forex rate has to do with economic stability. Commodities of the world are traded in the U.S. dollar, and that gives it an upper hand over the Japanese yen.
The latter, on the other hand, periodically strengthens and weakens against the dollar with changes in risk and market volatility. The yen is considered safer than the dollar.
A stronger economy leads to a stronger currency. Governments looking to strengthen their currencies start by creating jobs, encouraging investment and exporting more than they bring in. The sinuous curve seen earlier represents the USD and Japanese yen exchange rate history because of the regular changes in economic growth in the two countries.
The Japanese economy was much stronger in the past. Much of the growth happened before the collapse of its real estate and equity markets in 1990. Between that period and now, the economic growth rate has been capped in the region around 2 %.
In the last few years, the highest growth was 2.5% in 2017. Currently, the growth rate is -1.7%. In the same period, the U.S. had a stronger albeit fluctuating growth from 1.89% in 1990 to a peak of 4.75% in 1999 and the current 2.1%.
Changing inflation rates
A higher inflation rate weakens a country's currency in the FOREX market. In 1990, the Japanese inflation rate was 3.08%. The inflation rate in the USA was 5.40%. Back then, the dollar to yen rate lowered from 160 to 135 by the end of the year. In 2000, the inflation rate in Japan was -0.68% and 3.4% in the U.S. dollar to yen rate dropped to 107.80.
Ten years later, in 2010, the inflation rate in Japan moved to 0.72% and while in the USA, it dropped to 1.64%. The USD/JPY rate dropped to 87.78. The current inflation rate in Japan is 0.23% and 0.62% in the U.S. The dollar to yen rate is 107. That shows that although inflation rates play a role in exchange rates, many other factors come into play as exposed before and later in this piece.
The fluctuating volume of exports and imports
A currency becomes weaker when a country imports more than it exports. It is called a trade deficit, and it's the main reason for the U.S. recent trade wars with countries like China in an effort to strengthen its currency and "bring jobs back home." Japan sells more to the U.S. when it comes to autos and industrial supplies and related parts. Japan's current trade surplus with the U.S. stands at $68.5 billion and a deficit of $10.5 billion in services.
When the U.S. trade deficit with Japan was $60 billion in 2010, the USD/JPY stood at 87.78.
Fluctuating amount of external debt
Most countries operate on a deficit budget. However, high external debt is off-putting to investors. A massive external and public debt drives up inflation. Much of the fluctuation in the USD/JPY rate in the last 20- 30 years has been as a result of either of the two countries borrowing more or reducing their deficit budgets.
The United States has the biggest external debt in the world. In 2020, the budget deficit is estimated to climb to $3.8 trillion. Japan and China are the biggest owners of this debt in the U.S. By March 2020, Japan owned $1.27 trillion in U.S. Treasury. Japan, too has its own share of external debt, currently standing at 5.4 trillion.
The historical chart shows two currencies that have had a nearly stable exchange rate in the last 20-30 years. The slight fluctuations were major because of changes in interest rates, economic growth rate and trade deficits between the two USA and Japan.