The Japanese Yen exchange rate in the domestic market on the morning of April 9, 2025, continued to show slight fluctuations among commercial banks. Specifically, at Vietcombank , the buying rate was 170.36 VND/JPY and the selling rate was 181.18 VND/JPY. VietinBank was trading at 172.99 VND/JPY for buying and 180.99 VND/JPY for selling.
At BIDV, the exchange rate is 172.87 VND/JPY for buying and 180.87 VND/JPY for selling. Agribank lists the exchange rate at 172.16 and 180.19 VND/JPY respectively.
Eximbank has the highest buying rate at 173.25 VND/JPY, but its selling rate is lower than many other banks, at only 179.22 VND/JPY.
Sacombank quoted a buying rate of 174.02 VND/JPY and a selling rate of 181.04 VND/JPY. Techcombank had the lowest buying rate at 169.76 VND/JPY and the highest selling rate at 182.45 VND/JPY. HSBC was trading at 171.06 – 178.61 VND/JPY, while NCB had the lowest buying rate at 165.84 VND/JPY.
On the black market, the Japanese Yen exchange rate is trading around 175.29 VND/JPY for buying and 176.29 VND/JPY for selling, significantly higher than the general rate at banks.
| *Note: Cash buying and selling rates | ||
| Bank | Buy | Sell |
| Vietcombank | 170.36 | 181,18 |
| VietinBank | 172.99 | 180.99 |
| MB | 172.87 | 180.87 |
| Agribank | 172.16 | 180,19 |
| Eximbank | 173.25 | 179.22 |
| Sacombank | 174.02 | 181.04 |
| Techcombank | 169.76 | 182.45 |
| NCB | 165.84 | 176.12 |
| HSBC | 171.06 | 178.61 |
| Black market exchange rate (VND/JPY) | 175.29 | 176.29 |
The USD/JPY exchange rate fell 0.23%. The yen edged higher due to the weakening USD and news from the US Treasury Secretary indicating Japan would be given priority in tariff negotiations with the US. However, weak economic data from Japan and the sharp rise in the Nikkei stock index somewhat limited demand for the yen as a safe haven.
Amidst ongoing global economic uncertainty, the US Federal Reserve (Fed) is considering lowering interest rates to mitigate the impact of tariff policies and support economic growth. If this happens, while Japan maintains its ultra-low interest rate policy, the interest rate differential between the two economies could narrow, making the Japanese yen more attractive to investors.
Goldman Sachs expert Kamakshya Trivedi predicts that the Japanese yen could rise to 140 yen per US dollar, an increase of about 7% from its current level. According to him, the yen is emerging as a safe-haven asset, especially if the US economy faces the risk of recession in the near future.
Source: https://baoquangnam.vn/ty-gia-yen-nhat-hom-nay-9-4-2025-tiep-tuc-tang-do-thuong-chien-3152335.html
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