The Japanese yen rose slightly as the US dollar weakened.

As of 9:00 AM on Thursday (May 1, 2025), the Japanese Yen exchange rate at domestic banks decreased slightly, while on the international market, the USD/JPY exchange rate fluctuated around 143 as US and Japanese economic data sent conflicting signals.

Domestic Yen Exchange Rate

The Japanese Yen exchange rates surveyed at banks at the end of May 1, 2025 are as follows:

At Vietcombank , the Japanese Yen exchange rate is 175.59 VND/JPY for buying and 185.68 VND/JPY for selling.

At Vietinbank , the buying and selling rates for the Yen are 178.69 VND/JPY and 188.69 VND/JPY, respectively.

At BIDV bank, the buying and selling rates for the Japanese Yen reached 178.74 VND/JPY and 187.04 VND/JPY respectively.

At Agribank, the Japanese Yen exchange rate for buying and selling is 178.38 VND/JPY and 186.56 VND/JPY respectively.

At Eximbank, the buying and selling rates are 178.91 VND/JPY and 186.14 VND/JPY, respectively.

At Sacombank, the buying and selling rates for the Japanese Yen are 176.15 VND/JPY and 186.18 VND/JPY, respectively.

At Techcombank, the buying and selling rates are 175.44 VND/JPY and 185.84 VND/JPY, respectively.

At NCB bank, the Japanese Yen exchange rate is 176.31 VND/JPY for buying and 186.67 VND/JPY for selling.

At HSBC bank, the buying rate for the Japanese Yen is 178.27 VND/JPY and the selling rate is 186.13 VND/JPY.

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

Yen exchange rate in the "black market"

Today, May 1st, 2025, a survey of the black market shows that the Japanese Yen/VND exchange rate is trading at 182.46 VND/JPY for buying and 183.66 VND/JPY for selling.

In Hanoi, the largest currency exchange street, offering a wide variety of foreign currencies, is Ha Trung Street. At Ha Trung Street, you can exchange common currencies such as USD (US dollar), Euro, Yen (Japanese Yen), Won (Korean Won), and many others. Therefore, the Japanese Yen exchange rate in Ha Trung is a popular search term, and Quoc Trinh Ha Trung is a frequently advertised address on social media. However, when exchanging money in these currency exchange streets, you must comply with Vietnamese law.

Japanese Yen exchange rate movements in the international market.

In Thursday's trading session in the US, the Japanese yen edged slightly higher against the US dollar, pushing the USD/JPY exchange rate close to 143.00. This fluctuation reflects investor caution ahead of a series of less-than-favorable economic data from both the US and Japan.

The latest report from the U.S. Bureau of Economic Analysis shows that GDP in the first quarter of 2025 unexpectedly declined by 0.3%, contrary to expectations of a 0.4% growth. This marks the first quarterly decline since 2022, primarily driven by reduced government spending and a sharp increase in imports. Meanwhile, the core PCE inflation index – one of the Federal Reserve's preferred policy indicators – cooled to 2.3% as predicted, and the labor market also lost momentum with only 62,000 new jobs created in April.

In Japan, the yen has maintained its position as a safe-haven asset amid slowing global growth. Despite disappointing domestic data—a 1.1% drop in industrial production in March and lower-than-expected retail sales—the yen continued to receive steady buying interest due to concerns about the recovery prospects of the world's third-largest economy.

Forecast of Japanese Yen exchange rate trends

Amidst considerable uncertainty, analysts believe the USD/JPY exchange rate may continue to fluctuate within a narrow range. On the market, technical indicators such as RSI and MACD suggest that investor sentiment remains divided, reflecting a short-term correction trend.

The focus is now shifting to upcoming economic data releases, particularly the US non-farm payrolls (NFP) report and the manufacturing PMI, factors that could shape the Fed's monetary policy stance in the coming period.

Conversely, the Bank of Japan (BoJ) is expected to keep interest rates unchanged at its upcoming meeting to avoid further pressure on the weakly recovering economy. However, the possibility of the BoJ gradually normalizing its policy cannot be completely ruled out, especially as large domestic businesses have begun proposing significant wage increases, signaling that inflation may be more sustainable in the medium term.

Meanwhile, US President Donald Trump's commitment to reducing import tariffs on components and progress in trade negotiations with partners such as China and Canada are also shaping positive expectations, causing investors to continue closely monitoring policy developments from the two major economies.

Source: https://baodaknong.vn/ty-gia-yen-nhat-hom-nay-1-5-dong-yen-tang-nhe-khi-usd-suy-yeu-251224.html