Why is the Japanese Yen recovering and increasing in value again?

Domestic Yen exchange rate today April 6, 2024

Today's Japanese Yen exchange rate surveyed on the morning of April 6, 2024 at banks, specifically as follows:

At Vietcombank , the Vietcombank Japanese Yen exchange rate is 160.06 VND/JPY and the selling rate is 169.41 VND/JPY, an increase of 0.61 VND in the buying direction and an increase of 0.64 VND in the selling direction.

At Vietinbank , the Yen exchange rate increased by 0.21 VND in both buying and selling directions, equivalent to 160.47 VND/JPY and 170.17 VND/JPY.

At BIDV Bank, the Japanese Yen exchange rate increased by 0.36 VND in buying and increased by 0.35 VND in selling, reaching 160.73 VND/JPY and 169.29 VND/JPY, respectively.

At Agribank, the Japanese Yen exchange rate for buying and selling is 161.27 VND/JPY and 169.44 VND/JPY - up 0.66 VND for buying and up 0.73 VND for selling.

At Eximbank, the buying price increased by 0.76 VND and the selling price increased by 0.78 VND, respectively at 162.54 VND/JPY and 167.26 VND/JPY.

At Techcombank, the Japanese Yen exchange rate increased by 0.42 VND at buying and increased by 0.48 VND at selling with prices of 158.09 VND/JPY and 170.59 VND/JPY respectively.

At Sacombank, the Japanese Yen exchange rate increased by 0.43 VND in the buying and selling directions, corresponding to the prices of 162.75 VND/JPY and 167.78 VND/JPY.

At NCB Bank, the Japanese Yen exchange rate is 160.90 VND/JPY for buying and 169.06 VND/JPY for selling (corresponding to an increase of 0.69 VND for buying and selling).

At HSBC Bank, the Japanese Yen exchange rate increased by 0.44 VND in buying and increased by 0.45 VND in selling, respectively at 161.28 VND/JPY and 168.39 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 April 6, 2024, the summary table of Yen/VND exchange rates at some banks is as follows:

*Note: Cash buying and selling rates
Day	April 6, 2024		Change from previous session
Bank	Buy	Sell	Buy	Sell
Vietcombank	160.06	169.41	+0.61	+0.64
VietinBank	160.47	170.17	+0.21	+0.21
BIDV	160.73	169.29	+0.36	+0.35
Agribank	161.27	169.44	+0.66	+0.73
Eximbank	162.54	167.26	+0.76	+0.78
Sacombank	162.75	167.78	+0.43	+0.43
Techcombank	158.09	170.59	+0.42	+0.48
NCB	160.90	169.06	+0.69	+0.69
HSBC	161.28	168.39	+0.44	+0.45
Black market rate (VND/JPY)	169.34	170.53	-0.01	+0.09

1. VCB - Updated: April 6, 2024 06:46 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	15,959.84	16,121.05	16,638.70
CANADIAN DOLLAR	CAD	17,914.95	18,095.91	18,676.97
SWISS FRANC	CHF	26,942.89	27,215.04	28,088.92
YUAN RENMINBI	CNY	3,378.45	3,412.58	3,522.69
DANISH KRONE	DKK	-	3,554.31	3,690.52
EURO	EUR	26,316.10	26,581.92	27,759.84
Sterling Pound	GBP	30,682.27	30,992.19	31,987.36
HONGKONG DOLLAR	HKD	3,106.16	3,137.54	3,238.28
INDIAN RUPEE	INR	-	298.15	310.07
YEN	JPY	160.06	161.68	169.41
KOREAN WON	KRW	15.95	17.72	19.32
KUWAITIAN DINAR	KWD	-	80,990.36	84,230.62
MALAYSIAN RINGGIT	MYR	-	5,205.22	5,318.90
NORWEGIAN KRONER	NOK	-	2,268.89	2,365.29
RUSSIAN RUBLE	RUB	-	257.39	284.94
SAUDI RIAL	SAR	-	6,633.32	6,898.70
SWEDISH KRONA	SEK	-	2,291.29	2,388.64
SINGAPORE DOLLAR	SGD	18,021.17	18,203.20	18,787.71
THAILAND	THB	598.43	664.93	690.41
US DOLLAR	USD	24,750.00	24,780.00	25,120.00

2. Vietinbank - Updated: April 6, 2024 00:00 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUD	AUD	16,098	16,118	16,718
CAD	CAD	18,053	18,063	18,763
CHF	CHF	27,159	27,179	28,129
CNY	CNY	-	3,380	3,520
DKK	DKK	-	3,536	3,706
EUR	EUR	#26,184	26,394	27,684
GBP	GBP	30,978	30,988	32,158
HKD	HKD	3,058	3,068	3,263
JPY	JPY	160.39	160.54	170.09
KRW	KRW	16.27	16.47	20.27
LAK	LAK	-	0.68	1.38
NOK	NOK	-	2,246	2,366
NZD	NZD	14,745	14,755	15,335
SEK	SEK	-	2,270	2,405
SGD	SGD	17,942	17,952	18,752
THB	THB	629.21	669.21	697.21
USD	USD	#24,705	24,745	25,165

On the "black market", the black market Japanese Yen exchange rate as of April 6, 2024 this morning is as follows:

Black market 4/6/2024

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

Today, April 6, 2024, surveying the black market, the Japanese Yen/VND exchange rate decreased by 0.01 VND in the buying direction and increased by 0.09 VND in the selling direction, respectively traded at the buying direction of 169.33 VND/JPY and the selling direction of 170.53 VND/JPY.

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 April 6, 2024

Yen exchange rate trend forecast

Most Asian currencies were little changed in trading today, with the Japanese yen steady at a near two-week high, while the dollar rose as anticipation of key non-farm payrolls data prompted more caution on US interest rates.

The dollar index and dollar index futures both rose 0.2% in Asian trade today, recovering from sharp losses earlier in the week as anticipation of non-farm payrolls data sent traders back into the greenback.

Inflation and the strength of the labor market were the two biggest considerations for the Federal Reserve in cutting interest rates this year. However, inflation has become more serious in recent months, while payroll data has also consistently exceeded market expectations.

In addition to payrolls data, US consumer price index inflation data will also be released next week and is likely to provide further signals on interest rates.

USD/JPY nears two-week low as intervention threatens to support the Yen.

The Japanese Yen gained, with USD/JPY hitting a two-week low amid persistent concerns about government intervention in currency markets.

Several top Japanese officials have warned that a prolonged weakening of the yen could prompt the government to intervene in the currency markets - an event that would certainly trigger a sharp short-term rally in the yen.

The USD/JPY pair rose to a 34-year high last week, amid a dovish outlook from the Bank of Japan (BoJ) despite raising interest rates for the first time in 17 years.

But recent comments from BoJ officials also suggest they expect to further tighten monetary policy this year amid rising inflation.

Broader Asian currencies moved in a flat-to-low range, as sentiment remained volatile ahead of the US payrolls release.

The Australian dollar AUD/USD pair fell 0.3% after data showed the country's trade balance fell more than expected in February. The decline was largely due to lower iron ore exports to China.

Chinese markets closed for the day. The offshore currency pair of the Chinese yuan - USD/CNH - rose slightly and remained above 7.2.

The South Korean Won weakened, with the USD/KRW pair up 0.2%, while the Singapore Dollar USDSGD pair also rose 0.1%.

The Indian rupee’s USD/INR pair was flat and near a record high ahead of the Reserve Bank of India’s meeting later in the day. The RBI is widely expected to keep its policy repo rate at 6.5%.

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-642024-ly-do-gi-khien-dong-yen-nhat-phuc-hoi-tang-gia-tro-lai-313123.html