The Japanese Yen rose sharply.

On April 17th, the Japanese Yen exchange rate at several domestic banks showed mixed fluctuations; in the international market, the Yen recovered steadily due to expectations of interest rate policies, while the USD continued to weaken due to concerns about tariffs.

Domestic Yen exchange rate

The Japanese Yen exchange rates surveyed at various banks this morning, April 17, 2025, are as follows:

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

At Vietinbank , the buying and selling rates for the Yen are 176.94 VND/JPY and 186.64 VND/JPY, respectively.

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

At Agribank, the Japanese Yen exchange rate for buying and selling is 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 for the 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 for the Japanese Yen is 176.39 VND/JPY and the selling rate is 184.16 VND/JPY.

According to the survey, Eximbank has the highest buying rate for the Japanese Yen today, while HSBC has the lowest selling rate among all banks.

Black market exchange rates

Today, April 17, 2025, a survey of the black market shows that the Japanese Yen/VND exchange rate is trading at 180.63 VND/JPY for buying and 181.63 VND/JPY for selling.

In Hanoi, the largest currency exchange street, offering a wide variety of foreign currencies, is Ha Trung Street. On Ha Trung Street, you can exchange common currencies such as USD (US dollar), Euro, Yen (Japanese Yen), Won (Korean Won), and many others. However, exchanging money on these streets requires compliance with Vietnamese law.

Japanese Yen exchange rate movements in the international market.

The USD/JPY exchange rate continued to weaken amid lingering global market concerns related to tariffs and questions about the traditional role of the USD as a safe-haven asset. This development coincided with Tokyo reaffirming its stance against a weaker yen, especially as the two countries prepared for bilateral trade and currency talks.

US Treasury Secretary Bessent and his Japanese counterpart, Kato, are expected to hold an official meeting soon to discuss issues related to exchange rates. Kato has repeatedly emphasized that Japan will not stand idly by if its currency continues to depreciate, especially in the context of increasing global economic volatility.

On the market, the USD/JPY exchange rate on the morning of April 17th recorded a slight decrease of 0.06%, falling to 141.84. However, according to foreign exchange experts, the oversold state of the USD could create short-term technical rebounds. Technically, support is identified around 142 and the nearest low is 141.60, while resistance lies at 144.10 - 145.

Forecast of Japanese Yen exchange rate trends

Since the beginning of April, the Japanese yen has appreciated by approximately 5.5% against major currencies, partly due to expectations of the Bank of Japan's (BoJ) interest rate normalization policy. This is further bolstered by increases in basic wages at many domestic businesses, a factor supporting confidence in the yen's recovery in the medium and long term.

Currently, the JPY/VND exchange rate is recorded around 176.22 VND/JPY for buying and 185.54 VND/JPY for selling. Meanwhile, on the other hand, the Fed is under pressure to ease monetary policy amid growing concerns about a slowdown in the US economy due to new tariff barriers.

The interest rate differential between the US and Japan is projected to continue narrowing, making carry trade less attractive and thus boosting demand for the yen as a safe haven.

According to analysts, with the world's third-largest economy, political stability, and highly liquid financial markets, the Japanese yen is likely to continue its upward trend amidst the current volatile global environment.

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