Japanese Yen exchange rate today 5/9/2025: Continues to decrease slightly

Japanese Yen exchange rate today May 9, 2025: JPY/USD exchange rate slightly decreased to 0.689 after dovish signals from the Bank of Japan (BoJ)

JPY/USD exchange rate today 5/9/2025

The JPY/USD pair continued to decline to near 0.689 JPY/USD. The reason is that the Bank of Japan (BoJ) has been more “soft” in recent decisions, while also lowering its growth and inflation forecasts. This has led many to believe that Japan is about to end its interest rate hikes, causing the Yen to weaken and the US dollar to strengthen.

The BoJ continued to tone down its hawkish stance at its May 1 meeting by lowering its inflation and growth expectations. Swap market data now only expects a single 25 basis point rate hike to 0.75% over the next two years. This further weakens the yen’s appeal and supports JPY/USD to remain bearish.

Domestic Japanese Yen exchange rate today 5/9/2025

* The Japanese Yen exchange rate at the State Bank's exchange office increased slightly, currently at: 165 VND - 182 VND.

In the "black market", the black market Japanese Yen exchange rate as of 4:30 a.m. on May 9, 2025 was trading around 181.43 VND/JPY.

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

Japanese Yen Exchange Rate	Buy	Sell
Vietcombank	174.56 VND	185.66 VND
Vietinbank	175.17 VND	184.87 VND
BIDV	176.21 VND	184.43 VND

VIB Bank is buying Japanese Yen cash at the lowest price of 167.74 VND/JPY

VIB Bank is buying Japanese Yen transfers at the lowest price of 169.14 VND/JPY

OCB Bank is buying Japanese Yen cash at the highest price of 179.39 VND/JPY

OCB Bank is buying Japanese Yen transfers at the highest price of 180.89 VND/JPY

VIB Bank is selling Japanese Yen cash at the lowest price of 175.80 VND/JPY

VIB Bank is selling Japanese Yen transfers at the lowest price of 174.80 VND/JPY

SHB Bank is selling Japanese Yen cash at the highest price of 187.85 VND/JPY

NCB Bank is selling Japanese Yen transfers at the highest price of 186.69 VND/JPY

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Source: https://baonghean.vn/ty-gia-yen-nhat-hom-nay-9-5-2025-tiep-tuc-giam-nhe-10296841.html