Domestic Yen Rate
Today's Japanese Yen exchange rate surveyed on the morning of May 2, 2025 at banks, specifically as follows:
At Vietcombank , the Vietcombank Japanese Yen exchange rate is 175.59 VND/JPY and the selling rate is 187.18 VND/JPY.
At Vietinbank , the buying and selling Yen exchange rates are equivalent to 174.53 VND/JPY and 184.23 VND/JPY.
At BIDV bank, the buying and selling rates of Japanese Yen reached 178.74 VND/JPY and 187.04 VND/JPY, respectively.
At Agribank, the Japanese Yen buying and selling rates are 178.38 VND/JPY and 186.56 VND/JPY, respectively.
At Eximbank, the buying and selling rates are 178.91 VND/JPY and 186.14 VND/JPY, respectively.
At Sacombank, the buying and selling rates of Japanese Yen are 176.15 VND/JPY and 186.18 VND/JPY, respectively.
At Techcombank, the buying and selling rates are 174.5 VND/JPY and 187.1 VND/JPY, respectively.
At NCB bank, the Japanese Yen exchange rate is 176.31 VND/JPY for buying and 186.67 VND/JPY for selling.
At HSBC bank, the buying rate of Japanese Yen is 176.27 VND/JPY and the selling rate is 186.13 VND/JPY.
According to the survey, today's Japanese Yen exchange rate at Eximbank is the bank with the highest Japanese Yen buying rate and HSBC is the bank with the lowest Japanese Yen selling rate among the banks.
Yen exchange rate on the "black market"
Today, May 2, 2025, surveying the black market, the Japanese Yen/VND exchange rate was traded at 182.26 VND/JPY for buying and 183.86 VND/JPY for selling.
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. However, when exchanging money at these currency exchange streets, you need to comply with the regulations of Vietnamese law.
World Japanese Yen Exchange Rate
The Japanese yen (JPY) continued to weaken, falling 0.9% against the US dollar (USD), becoming the worst-performing currency among the G10 after the Bank of Japan (BoJ)'s latest policy meeting.
The market reaction was driven by the BoJ keeping its target interest rate at 0.50% as expected, while lowering its growth and inflation forecasts, extending the expected time to reach the 2% inflation target, according to Shaun Osborne, head of FX strategy at Scotiabank.
In a press conference, BoJ Governor Kazuo Ueda did not give a clear roadmap for the next rate hike and highlighted the uncertainty stemming from US tariff policies.
The developments are taking place alongside the second round of trade talks between the US and Japan, which are expected to last until the end of the week.
In the currency market, the USD/JPY pair is extending its recovery from the 140 support zone and approaching the 145 mark. Experts assess the short-term resistance level to be around 147.50, while a more important resistance zone may appear around the 200-day moving average, near the 150 mark.
The yen's next move will depend largely on upcoming monetary policy and the outcome of bilateral trade talks.
Yen exchange rate trend forecast
Investors are reducing expectations that the Bank of Japan (BoJ) will continue to raise interest rates in the near term, amid concerns that new US tariffs could cut Japan's GDP by 0.5%. The BoJ also revised down its core inflation forecast for fiscal 2026 from 2% to 1.7%.
However, the agency still believes that inflation will reach its 2% target in the final stage of the forecast cycle (which lasts until 2027). Accordingly, the BoJ affirmed that it will continue to raise interest rates if the economy and prices develop in line with expectations, reinforcing the outlook for the Yen's appreciation.
In addition, newly released data showed that Tokyo's consumer price index (CPI) rose 3.4% year-on-year in April, beating the forecast of 3.2% and significantly higher than the previous period's 2.4%. This development further reinforced expectations that the BoJ will maintain its interest rate hike path in the near future.
Source: https://baodaknong.vn/ty-gia-yen-nhat-hom-nay-2-5-tiep-tuc-suy-yeu-sau-cuoc-hop-chinh-sach-cua-boj-251268.html
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