The Japanese Yen exchange rate in the domestic market on the morning of April 9, 2025 continued to record slight fluctuations among commercial banks. Specifically, at Vietcombank , the buying rate is 170.36 VND/JPY and the selling rate is 181.18 VND/JPY. VietinBank is 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 listed the exchange rates at 172.16 and 180.19 VND/JPY respectively.
Eximbank has the highest buying rate of 173.25 VND/JPY, but the selling rate is lower than many other banks, only 179.22 VND/JPY.
Sacombank offers a buying price of 174.02 VND/JPY and a selling price of 181.04 VND/JPY. Techcombank has the lowest buying price of 169.76 VND/JPY and the highest selling price of 182.45 VND/JPY. HSBC is trading at 171.06 – 178.61 VND/JPY, while NCB has the lowest buying price of 165.84 VND/JPY.
On the black market, the Japanese Yen exchange rate is traded around 175.29 VND/JPY for buying and 176.29 VND/JPY for selling, much higher than the general level at banks.
| *Note: Cash buying and selling rates | ||
| Bank | Buy | Sell |
| Vietcombank | 170.36 | 181.18 |
| VietinBank | 172.99 | 180.99 |
| BIDV | 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 pair fell 0.23%. The yen gained slightly thanks to the weakening dollar and the US Treasury Secretary's statement that Japan will be given priority in the tariff negotiations with the US. However, weak economic data from Japan and a strong rise in the Nikkei stock index somewhat limited the safe-haven demand for the yen.
In the context of the global economic uncertainty, the US Federal Reserve (Fed) is considering the possibility of lowering interest rates to reduce the impact of tariff policies and support economic growth. If this happens, while Japan maintains its ultra-low interest rate policy, the interest rate gap between the two economies may narrow and make the Japanese Yen more attractive to investors.
Goldman Sachs expert Kamakshya Trivedi said that the Yen is likely to rise to 140 Yen per USD, an increase of about 7% compared to the 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
Comment (0)