Japanese Yen exchange rate today April 21, 2025: The leading safe haven channel

On the morning of April 21, 2025, the Japanese Yen exchange rate in the domestic market was recorded to fluctuate slightly at commercial banks. At Vietcombank , the buying price was 175.83 VND/Yen and the selling price was 187 VND/Yen.

VietinBank listed the buying and selling rates at 178.10 VND and 187.80 VND/Yen, respectively. Meanwhile, BIDV offered a slightly higher buying rate of 178.50 VND and a selling rate of 186.81 VND/Yen.

At Agribank , the buying rate is 177.71 VND and the selling rate is 185.88 VND/Yen. Some banks such as Eximbank and Sacombank listed the buying rate above 179 VND, showing a slight increase in purchasing power compared to the previous day. Specifically, Eximbank bought at 179.19 VND and sold at 185.36 VND, Sacombank bought at 179.20 VND and sold at 186.25 VND/Yen.

Techcombank listed the highest selling price among the banks, at 188.14 VND/Yen. In contrast, HSBC is the bank with the lowest selling price, only 185.09 VND/Yen, while buying at 177.27 VND.

In the free market, the Yen exchange rate also recorded a difference compared to banks. Transactions on the black market this morning showed the buying price was 182.07 VND/Yen and the selling price was 183.27 VND/Yen. Compared to the previous day, this price is relatively stable, showing that the market is waiting for new factors to determine the up or down trend more clearly.

At 5:00 a.m. on April 21 , 2025 , the summary table of Yen/VND exchange rates at some banks is as follows:

*Note: Cash buying and selling rates
Bank	Buy	Sell
Vietcombank	175.83	187
VietinBank	178.10	187.80
BIDV	178.50	186.81
Agribank	177.71	185.88
Eximbank	179.19	185.36
Sacombank	179.20	186.25
Techcombank	175.43	188.14
NCB	176.41	186.79
HSBC	177.27	185.09
Black market rate (VND/JPY)	182.07	183.27

The Japanese Yen is still considered one of the top safe havens for global investors. In the past two weeks, the Japanese Yen, the Euro and the Swiss Franc have all appreciated strongly, ranging from 5% to 8% against the US dollar. The recovery of the Yen has been supported by expectations that the Bank of Japan (BoJ) will continue to raise interest rates, especially when basic wages at many domestic companies are on the rise, helping the Yen maintain stability.

On the other hand, the US Federal Reserve (Fed) is facing pressure to cut interest rates due to concerns about economic slowdown due to tax policy. The narrowing interest rate gap between the Fed and the BoJ makes the "carry trade" investment strategy less attractive, thereby increasing the chances of the Yen recovering in the near future.

The exchange rate issue is expected to continue to be discussed at the meeting between the Japanese and US finance ministers at the G20 summit starting on April 22. Currently, the level of 140 yen to 1 USD is considered an important psychological level. If the US continues to pressure Japan to adjust its currency, the exchange rate could fall to 130 yen to 1 USD.

However, many experts believe that the Yen will still maintain its status as a safe haven asset, thanks to the large economy, stable political environment and high liquidity of the Japanese financial market. These are key factors that help strengthen the confidence of global investors in this currency.

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Source: https://baonghean.vn/ty-gia-yen-nhat-hom-nay-21-4-2025-kenh-tru-an-an-toan-hang-dau-10295582.html