Meanwhile, the US dollar (USD) edged up slightly, helping the USD/JPY pair surpass the 143.00 mark and recover somewhat from recent losses.
However, consumer inflation in Tokyo rose sharply in April, indicating that price pressures in Japan are spreading. This reinforces expectations that the Bank of Japan (BoJ) will continue to raise interest rates in the coming time.
In contrast, officials of the US Federal Reserve (Fed) are showing a tendency to lean towards cutting interest rates, reducing the possibility of a strong increase in the USD and helping to limit the depreciation of the yen.
President Donald Trump said the world's two largest economies have been in talks to resolve their trade dispute, with a White House official confirming low-level phone and in-person discussions this week.
However, China has denied that there are any talks, creating conflicting information and making markets more unpredictable. In that context, safe-haven assets like the yen could still be supported if tensions escalate.
Inflation in Tokyo continued to rise sharply. The consumer price index (CPI) rose 3.5% year-on-year in April, up from 2.9% in the previous month. The core CPI, which excludes fresh food, also rose 3.4%, the highest in two years.
Notably, the index excluding food and fuel rose to 3.1% from 2.2% the previous month. These figures further strengthen the argument that the BoJ may continue to raise interest rates after the previous 50 basis point hike.
In contrast, the Fed’s signals point toward a rate cut. Fed Governor Christopher Waller said he would support the move if current tariffs hurt the labor market. Cleveland Fed President Beth Hammack even suggested that cuts could begin as early as June if economic data were favorable. However, Fed Chairman Jerome Powell has been more cautious, saying that more data is needed before changing policy.
Despite the positive economic data released on Thursday, including durable goods orders rising 9.2% in March, the third consecutive month of growth, and transportation equipment surging 27%, the prospect of monetary policy easing from the Fed still dominates and is overshadowing these positive signals.
In addition, expectations that Japan will reach a trade deal with the US also supported market sentiment towards the yen. Japanese Economy Minister Ryosei Akazawa is scheduled to hold a second round of trade talks with US Treasury Secretary Scott Bessent next week. This could lead to positive developments in bilateral relations, contributing to exchange rate stability and supporting the yen in the short term.
In the domestic market, at the beginning of the trading session on April 25, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 31 VND, currently at 24,928 VND.
The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,732 VND - 26,124 VND.
On the buying side, OCB bank stood out with the highest cash purchase price of up to 179.39 VND/JPY, while the transfer purchase price was also the highest in the market, reaching 180.89 VND/JPY.
VIB is still the bank with the lowest buying rate, only 167.74 VND/JPY for cash and 169.14 VND/JPY for transfer.
On the selling side, LPBank and OceanBank both led with the lowest cash selling price in the market, only 189.06 VND/JPY.
NCB is holding the highest transfer selling rate of up to 187.87 VND/JPY, 3 dong higher than the common level at major banks.
The common selling price of commercial banks ranges from 186 to 187 VND/JPY, while the buying price remains around 178 to 180 VND/JPY.
Source: https://baonghean.vn/ty-gia-yen-nhat-hom-nay-25-4-2025-giam-nhe-10295893.html
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