Japanese Yen exchange rate continues to decline, waiting for new signal from BoJ

Domestic Yen exchange rate today 1 9/3/202 4

Today's Japanese Yen exchange rate surveyed on the morning of March 19, 2024 at banks, specifically as follows:

At Vietcombank , the Vietcombank Japanese Yen exchange rate is 160.36 VND/JPY and the selling rate is 169.73 VND/JPY, down 0.86 VND on the buying side and down 0.91 VND on the selling side.

At Vietinbank , the Yen exchange rate decreased by 0.16 VND in both buying and selling directions, equivalent to 161.56 VND/JPY and 171.26 VND/JPY.

At BIDV Bank, the Japanese Yen exchange rate decreased by 1.55 VND in buying and 1.63 VND in selling, reaching 160.34 VND/JPY and 168.92 VND/JPY, respectively.

At Agribank, the Japanese Yen exchange rate for buying and selling is 161.57 VND/JPY and 169.82 VND/JPY - down 0.98 VND for buying and down 1.06 VND for selling.

At Eximbank, the buying price decreased by 0.56 VND and the selling price decreased by 0.58 VND, respectively at 163.08 VND/JPY and 167.85 VND/JPY.

At Techcombank, the Japanese Yen exchange rate decreased by 0.09 VND at buying and 0.13 VND at selling with prices of 159 VND/JPY and 171.49 VND/JPY respectively.

At Sacombank, the Japanese Yen exchange rate decreased by 0.43 VND in buying and decreased by 0.42 VND in selling, corresponding to the prices of 163.77 VND/JPY and 168.84 VND/JPY.

At NCB Bank, the Japanese Yen exchange rate is 161.62 VND/JPY for buying and 169.29 VND/JPY for selling (corresponding to a decrease of 0.62 VND for buying and a decrease of 0.69 VND for selling).

At HSBC Bank, the Japanese Yen exchange rate decreased by 0.8 VND in buying and 0.84 VND in selling, respectively at 161.44 VND/JPY and 168.55 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 March 19, 2024, the summary table of Yen/VND exchange rates at some banks is as follows:

*Note: Cash buying and selling rates
Day	March 19, 2024		Change from previous session
Bank	Buy	Sell	Buy	Sell
Vietcombank	160.36	169.73	-0.86	-0.91
VietinBank	161.56	171.26	-0.16	-0.16
BIDV	160.34	168.92	-1.55	-1.63
Agribank	161.57	169.82	-0.98	-1.06
Eximbank	163.08	167.85	-0.56	-0.58
Sacombank	163.77	168.84	-0.43	-0.42
Techcombank	159.00	171.49	-0.09	-0.13
NCB	161.62	169.29	-0.62	-0.69
HSBC	161.44	168.55	-0.8	-0.84
Black market rate (VND/JPY)	169.86	170.86	+0.04	-0.26

1. VCB - Updated: 03/19/2024 05:12 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	15,822.23	15,982.05	16,495.48
CANADIAN DOLLAR	CAD	17,816.61	17,996.58	18,574.73
SWISS FRANC	CHF	27,271.48	27,546.95	28,431.91
YUAN RENMINBI	CNY	3,363.56	3,397.53	3,507.21
DANISH KRONE	DKK	-	3,544.46	3,680.35
EURO	EUR	26,232.29	26,497.26	27,671.83
Sterling Pound	GBP	30,688.23	30,998.22	31,994.05
HONGKONG DOLLAR	HKD	3,081.05	3,112.17	3,212.15
INDIAN RUPEE	INR	-	297.35	309.25
YEN	JPY	160.36	161.98	169.73
KOREAN WON	KRW	16.02	17.80	19.42
KUWAITIAN DINAR	KWD	-	80,269.29	83,481.95
MALAYSIAN RINGGIT	MYR	-	5,183.43	5,296.71
NORWEGIAN KRONER	NOK	-	2,288.17	2,385.42
RUSSIAN RUBLE	RUB	-	255.80	283.19
SAUDI RIAL	SAR	-	6,573.52	6,836.61
SWEDISH KRONA	SEK	-	2,336.43	2,435.73
SINGAPORE DOLLAR	SGD	18,009.74	18,191.65	18,776.07
THAILAND	THB	607.09	674.54	700.40
US DOLLAR	USD	24,530.00	24,560.00	24,880.00

2. Vietinbank - Updated: March 19, 2024 00:00 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUD	AUD	15,896	15,916	16,516
CAD	CAD	17,960	17,970	18,670
CHF	CHF	27,339	27,359	28,309
CNY	CNY	-	3,365	3,505
DKK	DKK	-	3,516	3,686
EUR	EUR	#26,026	26,236	27,526
GBP	GBP	30,913	30,923	32,093
HKD	HKD	3,032	3,042	3,237
JPY	JPY	161.6	161.75	171.3
KRW	KRW	16.3	16.5	20.3
LAK	LAK	-	0.69	1.39
NOK	NOK	-	2,242	2,362
NZD	NZD	14,785	14,795	15,375
SEK	SEK	-	2,295	2,430
SGD	SGD	17,901	17,911	18,711
THB	THB	634.26	674.26	702.26
USD	USD	#24,478	24,518	24,938

On the "black market", the black market Japanese Yen exchange rate as of March 19, 2024 this morning is as follows:

Black Market March 19, 2024

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

Today, March 19, 2024, surveying the black market, the Japanese Yen/VND exchange rate increased by 0.04 VND in the buying direction and decreased by 0.26 VND in the selling direction, respectively traded at the buying direction of 169.86 VND/JPY and the selling direction of 170.86 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 March 19, 2024

Yen exchange rate trend forecast

The Japanese Yen is currently moving in a limited manner, continuing its downward trend in today's trading session. The USD/JPY currency pair is trading almost unchanged at 149.07.

The Bank of Japan (BoJ) will announce interest rates on Tuesday and is widely expected to lift them out of negative territory. This would mark a major change in policy since the last rate hike was in 2007.

Japan is experiencing inflation after years of deflation, and there is growing speculation that the BoJ will turn the corner after years of ultra-accommodative monetary policy.

Governor Ueda has repeatedly stressed that the BoJ will not tighten until wage growth picks up, as that would be evidence that inflation is sustainable.

Annual wage talks showed a big win for workers, with wages expected to rise by as much as 5.2%, which could be a signal that Ueda needs to trigger a rate hike.

The key question is whether the BoJ will raise rates on Tuesday or wait until April, which would give the central bank more data before making such a crucial decision.

It is unclear whether the BoJ will make the move on Tuesday or wait until April. Goldman Sachs expects the BoJ to raise interest rates and also scrap the yield curve control policy it uses to target interest rates.

If the BoJ raises interest rates, the Yen will likely move higher. Even if the central bank stands pat, with expectations for a possible move high, we can expect volatility in the Yen after the meeting.

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-1932024-ty-gia-yen-nhat-da-giam-chua-dung-cho-doi-tin-hieu-moi-tu-boj-309408.html