Domestic Japanese Yen exchange rate today May 16
On the morning of May 16, 2025, the Japanese Yen exchange rate at domestic banks recorded an upward trend. In the international market, the USD/JPY exchange rate decreased slightly as the Yen was supported by positive inflation data from Japan and expectations that the US Federal Reserve (Fed) would soon lower interest rates.
In Vietnam, a survey at 9am showed a significant difference in buying and selling prices between banks. Eximbank had the highest buying price of Japanese Yen, reaching 175.78 VND/JPY. Meanwhile, Techcombank recorded the lowest buying price, only 171.83 VND/JPY.
On the selling side, Vietinbank listed the highest price at 184.87 VND/JPY. On the contrary, HSBC had the lowest selling price, 180.67 VND/JPY.
In the free market, the Japanese Yen exchange rate also recorded a slight increase this morning. The Yen is currently trading around 178.45 VND/JPY.
USD/JPY exchange rate today May 16
In the latest trading session, the Japanese Yen continued to increase in value for the third consecutive day. The USD/JPY exchange rate decreased by 0.6%, falling back to 145.81. The main reason came from the selling pressure of the USD after the US announced unfavorable economic data, especially the producer price index (PPI) and retail sales in April.
The US dollar index, which measures the strength of the greenback against a basket of major currencies, also fell 0.3% to 100.70, reflecting the cautious sentiment that is spreading across international financial markets.
Meanwhile, in Japan, wholesale inflation (PPI) rose 4% year-on-year in April, the highest level since the beginning of the year. This pressure may prompt the Bank of Japan (BoJ) to adjust monetary policy soon.
The market was also influenced by cautious statements from the US Federal Reserve (Fed). Chicago Fed President Austan Goolsbee said that inflation was not clear enough to make a definitive decision.
Fed Vice Chairman Philip Jefferson warned of uncertainties that could make it harder to reach the 2% inflation target, adding further pressure to the dollar in the short term.
Japanese Yen Exchange Rate Trend Forecast: Yen Likely to Keep Rising
The USD/JPY outlook is now tilted in favor of the Yen, as the policy gap between the Fed and the BoJ narrows. Japan continues to report positive economic indicators such as wage growth and consumer prices, while the US tends to shift to a more dovish stance after April CPI came in at just 2.3%, lower than expected.
Recent remarks by BoJ Deputy Governor Shinichi Uchida further reinforce the possibility that the bank could continue to raise interest rates if the economy and inflation move in the right direction.
A visit to Washington by Japanese trade representative Ryosei Akazawa is also expected to yield positive results in bilateral negotiations, further supporting the Yen.
A Reuters poll showed that most experts expect the BoJ to keep interest rates at 0.5% until at least September, but could raise them to 0.75% by year-end. With the interest rate gap between the US and Japan gradually narrowing, the yen is likely to maintain its upward trend in the coming period.
Source: https://baoquangnam.vn/ty-gia-yen-nhat-hom-nay-16-5-dong-loat-tang-trong-va-ngoai-nuoc-3154878.html
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