Japanese Yen Rises Strongly

The Japanese Yen exchange rate on April 17 at some domestic banks recorded mixed fluctuations; in the international market, the Yen recovered steadily thanks to expectations of interest rate policy, the USD continued to weaken due to concerns about tariffs.

Domestic Yen Exchange Rate

Today's Japanese Yen exchange rate surveyed on the morning of April 17, 2025 at banks, specifically as follows:

At Vietcombank, the Vietcombank Japanese Yen exchange rate is 175.39 VND/JPY and the selling rate is 185.54 VND/JPY.

At Vietinbank, the buying and selling Yen exchange rates are equivalent to 176.94 VND/JPY and 186.64 VND/JPY.

At BIDV bank, the buying and selling rates of Japanese Yen reached 177.26 VND/JPY and 185.51 VND/JPY, respectively.

At Agribank, the Japanese Yen buying and selling rates are 177.07 VND/JPY and 185.20 VND/JPY, respectively.

At Eximbank, the buying and selling rates are 178.87 VND/JPY and 185.40 VND/JPY, respectively.

At Sacombank, the buying and selling rates of Japanese Yen are 177.86 VND/JPY and 184.91 VND/JPY, respectively.

At Techcombank, the buying and selling rates are 174.17 VND/JPY and 186.81 VND/JPY, respectively.

At NCB bank, the Japanese Yen exchange rate is 176.02 VND/JPY for buying and 186.38 VND/JPY for selling.

At HSBC bank, the buying rate of Japanese Yen is 176.39 VND/JPY and the selling rate is 184.16 VND/JPY.

According to the survey, today's Japanese Yen exchange rate at Eximbank is the bank with the highest Japanese Yen buying rate and HSBC is the bank with the lowest Japanese Yen selling rate among the banks.

Black market rate

Today, April 17, 2025, surveying the black market, the Japanese Yen/VND exchange rate was traded at 180.63 VND/JPY for buying and 181.63 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. However, when exchanging money at these currency exchange streets, you need to comply with the regulations of Vietnamese law.

Developments in Japanese Yen exchange rate on the international market

The USD/JPY pair continued to weaken as global markets faced lingering concerns over tariffs and questions over the dollar’s ​​traditional role as a safe-haven asset. This came as Tokyo reiterated its opposition to a weaker yen, especially as the two countries prepare to enter bilateral trade and currency talks.

US Treasury Secretary Bessent and his Japanese counterpart Kato are expected to hold formal talks in the near future to discuss exchange rate issues. Kato has repeatedly stressed that Japan will not stand by if its currency continues to depreciate, especially in the context of increasing global economic volatility.

In the market, the USD/JPY exchange rate on the morning of April 17 recorded a slight decrease of 0.06%, falling back to 141.84. However, according to foreign exchange experts, the oversold state of the USD can create short-term technical recoveries. Technically, the support level is determined around the 142 area and the nearest bottom is 141.60, while the resistance zone is at 144.10 - 145.

Forecast of Japanese Yen exchange rate trend

The Japanese yen has gained about 5.5 percent against major currencies since early April, partly due to expectations of a normalization of interest rates by the Bank of Japan (BoJ). This has been underpinned by a rise in basic wages at many domestic companies, which has supported confidence in the yen's recovery in the medium to long term.

Currently, the JPY/VND exchange rate is recorded at around 176.22 VND/JPY for buying and 185.54 VND/JPY for selling. Meanwhile, on the contrary, the Fed is under pressure to loosen monetary policy as concerns grow about the US economic outlook slowing down due to new tariff barriers.

The interest rate gap between the US and Japan is expected to continue to narrow, making carry trades less attractive, thereby boosting demand for the yen as a safe haven.

According to analysts, with the world's third largest economy, stable politics and highly liquid financial markets, the Yen is likely to continue its upward trend in the current volatile global context.

Source: https://baodaknong.vn/ty-gia-yen-nhat-hom-nay-17-4-dong-yen-nhat-tang-manh-249703.html