Japanese Yen exchange rate today April 12, 2025: Continues to increase strongly

Japanese Yen exchange rate today April 12, 2025: Continued to record a strong upward trend at many commercial banks due to the shift of cash flow into safe assets in the context of global market instability.

At Vietcombank , the buying rate is 172.44 VND/JPY and the selling rate is 183.40 VND/JPY.

Other banks such as BIDV , VietinBank, Eximbank and Sacombank also adjusted the buying and selling prices of Yen. Of which, BIDV is listing the buying price up to 176.96 VND/JPY and selling price 185.22 VND/JPY.

Eximbank is the bank with the highest buying rate, while Agribank has the lowest selling rate.

In the free market, the black market exchange rate is recorded at around 178.13 VND/JPY for buying and 179.33 VND/JPY for selling. This shows that the demand for Yen is still maintained at a high level.

*Note: Cash buying and selling rates
Bank	Buy	Sell
Vietcombank	172.44	183.40
VietinBank	176.41	186.11
BIDV	176.96	185.22
Agribank	174.46	182.48
Eximbank	177.80	184.31
Sacombank	177.28	184.30
Techcombank	173.41	186.08
NCB	173.49	183.85
HSBC	175.34	183.07
Black market rate (VND/JPY)	178.13	179.33

The Japanese Yen is expected to continue to be supported by new developments in the US-Japan trade relationship in the coming time. President Donald Trump's agreement to meet with Japanese Prime Minister Shigeru Ishiba to discuss trade has raised expectations that the two countries will reach an agreement, thereby increasing market confidence in the Yen.

The yen has also benefited from its status as a safe haven, especially as new US tariffs on many countries have increased financial uncertainty. In addition, expectations that the Bank of Japan will continue to raise interest rates to control inflation have also provided a strong boost to the JPY.

In contrast, the US Federal Reserve (Fed) is facing pressure to loosen monetary policy due to the impact of the US government's tax policy. According to the FedWatch tool, the possibility of the Fed cutting interest rates at its meeting in May has exceeded 60%. Some analysts even believe that the Fed could cut interest rates up to 5 times in 2025.

Source: https://baoquangnam.vn/ty-gia-yen-nhat-hom-nay-12-4-2025-tiep-tuc-tang-manh-3152605.html