Japanese Yen Turns Down Again

Domestic Yen exchange rate today 1/5/202 4

Today's Japanese Yen exchange rate surveyed on the morning of May 1, 2024 at banks, specifically as follows:

At Vietcombank , the Vietcombank Japanese Yen exchange rate is 156.74 VND/JPY and the selling rate is 166.02 VND/JPY.

At Vietinbank , the Yen exchange rate is at 156.58 VND/JPY and 166.28 VND/JPY.

At BIDV Bank, it reached 157.95 VND/JPY and 166.28 VND/JPY.

At Agribank, the Japanese Yen buying and selling rates are 158.99 VND/JPY and 166.91 VND/JPY.

At Eximbank, the prices are 159.33 VND/JPY and 164.08 VND/JPY respectively.

At Techcombank, the prices are 155.08 VND/JPY and 167.56 VND/JPY respectively.

At Sacombank, the price is 159.97 VND/JPY and 164.98 VND/JPY

At NCB Bank, the Japanese Yen exchange rate is 157.48 VND/JPY for buying and 165.62 VND/JPY for selling.

At HSBC Bank, the Japanese Yen exchange rate is at 158.83 VND/JPY and 165.81 VND/JPY.

According to a survey by Cong Thuong Newspaper, today's Japanese Yen exchange rate at Sacombank is the bank with the highest Japanese Yen buying rate and Eximbank is the bank with the lowest selling rate among banks .

At 5:15 a.m. on May 1, 2024, the summary table of Yen/VND exchange rates at some banks is as follows:

*Note: Cash buying and selling rates
Day	May 1, 2024		Change from previous session
Bank	Buy	Sell	Buy	Sell
Vietcombank	156.74	166.02	-	-
VietinBank	156.58	166.28	-	-
BIDV	157.95	166.28	-	-
Agribank	158.99	166.91	-	-
Eximbank	159.33	164.08	-	-
Sacombank	159.97	164.98	-	-
Techcombank	155.08	167.56	-	-
NCB	157.48	165.62	-	-
HSBC	158.83	165.81	-	-
Black market rate (VND/JPY)	164.12	165.62	-0.4	-0.4

1. VCB - Updated: 05/01/2024 05:27 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,121.66	16,284.50	16,820.26
CANADIAN DOLLAR	CAD	18,077.48	18,260.08	18,860.83
SWISS FRANC	CHF	27,068.64	27,342.06	28,241.61
YUAN RENMINBI	CNY	3,423.46	3,458.04	3,572.35
DANISH KRONE	DKK	-	3,577.18	3,717.11
EURO	EUR	26,475.36	26,742.79	27,949.19
Sterling Pound	GBP	30,873.52	31,185.37	32,211.36
HONGKONG DOLLAR	HKD	3,153.19	3,185.04	3,289.82
INDIAN RUPEE	INR	-	303.14	315.51
YEN	JPY	156.74	158.32	166.02
KOREAN WON	KRW	15.92	17.69	19.31
KUWAITIAN DINAR	KWD	-	82,091.26	85,440.87
MALAYSIAN RINGGIT	MYR	-	5,259.06	5,378.02
NORWEGIAN KRONER	NOK	-	2,255.10	2,352.71
RUSSIAN RUBLE	RUB	-	262.74	291.09
SAUDI RIAL	SAR	-	6,734.96	7,009.77
SWEDISH KRONA	SEK	-	2,276.86	2,375.42
SINGAPORE DOLLAR	SGD	18,143.91	18,327.18	18,930.14
THAILAND	THB	605.58	672.87	699.19
US DOLLAR	USD	25,088.00	25,118.00	25,458.00

2. Vietinbank - Updated: 01/05/2024 00:00 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUD	AUD	16,083	16,103	16,703
CAD	CAD	18,084	18,094	18,794
CHF	CHF	27,044	27,064	28,014
CNY	CNY	-	3,429	3,569
DKK	DKK	-	3,535	3,705
EUR	EUR	#26,171	26,381	27,671
GBP	GBP	31,093	31,103	32,273
HKD	HKD	3,109	3,119	3,314
JPY	JPY	156.49	156.64	166.19
KRW	KRW	16.11	16.31	20.11
LAK	LAK	-	0.69	1.39
NOK	NOK	-	2,201	2,321
NZD	NZD	14,660	14,670	15,250
SEK	SEK	-	2,227	2,362
SGD	SGD	18,001	18,011	18,811
THB	THB	628.55	668.55	696.55
USD	USD	#25,060	25,060	25,458

On the "black market", the black market Japanese Yen exchange rate as of May 1, 2024 this morning is as follows:

Black market 1/5/2024

So is the black market Yen exchange rate up or down today?

Today, May 1, 2024, according to a survey on the black market, the Japanese Yen/VND exchange rate decreased by 0.4 VND in both buying and selling directions, respectively trading at 164.12 VND/JPY for buying and 165.62 VND/JPY for selling.

In Hanoi, the largest currency exchange street in Hanoi that helps you exchange many types of foreign currencies is Ha Trung currency exchange street. At Ha Trung currency exchange street, you can exchange popular foreign currencies on the market today such as USD (US dollar), Euro, Yen (Japanese Yen), Won (Korean Won), ... and many other currencies. Therefore, the Ha Trung Japanese Yen exchange rate is also a keyword that readers are interested in and Quoc Trinh Ha Trung store is an address that is advertised a lot on social networks. However, when exchanging money at these foreign currency streets, you need to comply with the regulations of Vietnamese law.

Yen exchange rate today 5/1/2024

Yen exchange rate trend forecast

The Japanese yen fell against the dollar on Tuesday, giving back some of the previous session's strong gains on suspicions of Japanese government intervention, while U.S. economic data on employment costs boosted the greenback.

The yen weakened 0.88% against the greenback at 157.73 per dollar, but remained well off a 34-year low of 160.245 hit on Monday when traders said Tokyo's yen-buying intervention had boosted the yen by about 5 yen.

For the month, the yen fell 4.04% against the dollar, on track for its biggest monthly decline since February 2023.

The dollar index rose after economic data showed U.S. labor costs rose more than expected in the first quarter amid rising wages and benefits, confirming rising inflation early in the year that could delay a widely expected interest rate cut later this year.

“The trend for USD/JPY remains higher, we really have to see the policy divergence converge, the US bond market will catch a more sustained push that will push the USD/JPY higher, which could create some weekly volatility. A lower low or some change in the rhetoric from the BoJ,” said Erik Bregar, director of FX and precious metals risk management at Silver Gold Bull in Toronto.

Bank of Japan data showed Japanese officials likely spent about 5.5 trillion yen ($35.05 billion) to support the currency on Monday.

The Bank of Japan (BoJ) kept its monthly bond-buying plan unchanged in May. Japanese government bond (JGB) investors are looking for clues on the timing of the tapering, which would lead to higher, more attractive yields, supporting the Yen.

This comes as the Fed begins its two-day monetary policy meeting on Tuesday, where it is expected to keep interest rates at 5.25%-5.5%, while comments from Chairman Jerome Powell will be closely watched for signs of the central bank's policy path in light of recent data on inflation and the labor market.

Markets continue to push back expectations for the timing of rate cuts this year, with the likelihood of at least a 25 basis point (bps) cut in September sitting just under 50%, according to CME Group's FedWatch Tool.

The dollar index rose 0.69% to 106.24, while the euro fell 0.42% to $1.0674. The pound weakened 0.49% to $1.2499.

The dollar index rose 1.7% in April and is poised for its biggest monthly gain since January. The euro fell 1.11% on the month and sterling fell 1.02%, on track for its biggest monthly decline since September.

Bank of America technical strategist Paul Ciana said in a note that a supported and stronger US dollar is the firm's base case and they still favor buying the greenback on dips "in anticipation of another rally" in the second quarter.

ECB policymaker Francois Villeroy de Galhau said inflation data from France and the euro zone released on Tuesday increased confidence that the European Central Bank (ECB) will be able to start cutting interest rates as early as June, Villeroy de Galhau said.

Meanwhile, European Central Bank policymaker Pablo Hernandez de Cos said the ECB should start cutting interest rates in June if inflation continues to fall as expected.

Euro zone inflation held steady as expected in April but a key indicator of underlying price pressures slowed.

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling Japanese Yen in Hanoi:

1. Quoc Trinh Ha Trung Gold Shop - No. 27 Ha Trung, Hang Bong, Hoan Kiem, Hanoi

2. Gold and Silver Fine Arts - No. 31 Ha Trung, Hang Bong, Hoan Kiem, Hanoi

3. Minh Chien Gold and Silver Store - No. 119 Cau Giay, Cau Giay, Hanoi

4. Thinh Quang Gold and Silver Company - No. 43 Ha Trung, Hang Bong, Hoan Kiem, Hanoi

5. Toan Thuy Store - No. 455 Nguyen Trai, Thanh Xuan, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - No. 19 Tran Nhan Tong, Bui Thi Xuan, Hanoi

7. Chinh Quang Store - No. 30 Ha Trung, Hang Bong, Hoan Kiem, Hanoi

8. Kim Linh 3 Store - No. 47 Ha Trung, Hang Bong, Hoan Kiem, Hanoi

9. Huy Khoi Store - No. 19 Ha Trung, Hang Bong, Hoan Kiem, Hanoi

10. System of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling Japanese Yen in Ho Chi Minh City:

1. Minh Thu Currency Exchange - 22 Nguyen Thai Binh, District 1, HCMC

2. Kim Mai Gold Shop - 84 Cong Quynh, District 1, HCMC

3. Kim Chau Gold Shop - 784 Dien Bien Phu, Ward 10, District 10. Ho Chi Minh City

4. Saigon Jewelry Center - 40-42 Phan Boi Chau, District 1, HCMC

5. Kim Hung foreign currency exchange agency - No. 209 Pham Van Hai, Binh Chanh, Ho Chi Minh City

6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, HCMC

7. Kim Tam Hai Shop - No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, HCMC

8. Bich Thuy Gold Shop - No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, HCMC

9. Ha Tam Gold Shop - No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, HCMC

10. System of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank

Source: https://congthuong.vn/ty-gia-yen-nhat-hom-nay-152024-dong-yen-nhat-quay-dau-giam-tro-lai-317577.html