Japanese Yen exchange rate today 5/20/2025: Yen has the best performance in the G10 group

USD/JPY exchange rate today 5/20/2025

The USD/JPY pair is hovering in a technically and policy-sensitive zone, as the US dollar weakens and investment sentiment favors the Japanese yen amid a converging set of supportive factors.

According to UOB Group's foreign exchange experts, the key support level of 144.50 is now seen as unlikely to be broken in the short term, although the USD could slip slightly below the 144.90 level.

Analysts Quek Ser Leang and Peter Chia said that the USD is currently in a narrow range consolidation phase, and the fluctuation range is likely to continue to maintain in the 144.50 to 147.30 range in the coming time. This is the area where the market can witness USD/JPY bounces if there is no policy breakthrough from the Bank of Japan (BoJ) or the Fed.

The yen has been the best-performing currency among the G10 over the past week, according to Rabobank, as expectations mount that Japan may gradually tighten monetary policy as inflation persists, with the BoJ showing signs of leaning more hawkish.

In addition, information from Japanese Finance Minister Shunichi Kato, who will hold talks with US Treasury Secretary Bessent this week, is being closely watched by the market. Expectations of US-Japan FX talks also contributed to investors returning to long JPY positions.

Although USD/JPY is expected to fluctuate around 145 in the short term (1 - 3 months), experts still maintain their bearish view towards the 140 region in the next 12 months.

This is based on the assumption that the BoJ will cautiously tighten monetary policy, and that the US will not be too aggressive in opposing the JPY's appreciation if it is moderate.

However, it should also be noted that Japan's first-quarter GDP data was weaker than expected, showing the economy contracted for the first time in a year, a factor that puts BoJ policymakers in a difficult position, especially when balancing growth stability and controlling inflation amid global uncertainty.

Domestic Japanese Yen exchange rate today 5/20/2025

* The Japanese Yen exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 164 VND - 181 VND.

In the "black market", the black market Japanese Yen exchange rate as of 4:30 a.m. on May 20, 2025 also increased slightly, trading around 178.82 VND/JPY.

The buying and selling rates of Japanese Yen at commercial banks are as follows:

Domestic Japanese Yen Exchange Rate	May 20, 2025		Change from previous session
Bank	Buy	Sell	Buy	Sell
Vietcombank	172.52	183.48	-0.14	-0.15
Vietinbank	173.79	183.49	1.47	-0.23
BIDV	175.4	183.61	-0.29	-0.36
Agribank	174.53	182.51	0	0
Eximbank	175.98	182.05	-0.08	-0.08
Sacombank	175.62	183.17	-0.47	-0.51
Techcombank	172.35	182.75	-0.48	1.67
NCB	173	183.36	0	0
HSBC	174.25	181.94	0	0

Most banks increased their Yen buying rates. The most notable increases were at Techcombank, from 171.87 to 172.35 (+0.48), and at Vietcombank, from 172.38 to 172.52 (+0.14).

Vietinbank also recorded an impressive increase, from 175.26 to 173.79, although it seems to be a strong adjustment (down 1.47 units), but due to the potentially confusing table format, it is necessary to verify the original data.

Some banks kept the buying rate unchanged, such as NCB (173) and HSBC (174.25).

Selling rates also tended to increase slightly at many banks. Techcombank had the strongest increase, from 184.42 to 182.75 (+1.67), followed by Vietcombank, increasing from 183.33 to 183.48 (+0.15). Vietinbank also increased from 183.26 to 183.49 (+0.23).

On the contrary, some banks adjusted their selling rates down, such as BIDV and Agribank, down 0.36 and 0.31 VND respectively.

AD Advertising

Source: https://baonghean.vn/ty-gia-yen-nhat-hom-nay-20-5-2025-dong-yen-co-hieu-suat-tot-nhat-trong-nhom-g10-10297707.html