USD depreciates against Japanese Yen

Foreign exchange rates, USD/VND exchange rate today, June 25, recorded the USD slipping from an 8-week high against the Yen as traders were wary of government intervention to support the Japanese currency.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: June 25, 2024 08:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,458.48	16,624.72	17,158.01
CANADIAN DOLLAR	CAD	18,108.82	18,291.73	18,878.49
SWISS FRANC	CHF	27,753.88	28,034.23	28,933.50
YUAN RENMINBI	CNY	3,432.97	3,467.64	3,579.42
DANISH KRONE	DKK	-	3,581.10	3,718.23
EURO	EUR	26,509.13	26,776.90	27,962.57
Sterling Pound	GBP	31,347.23	31,663.87	32,679.58
HONGKONG DOLLAR	HKD	3,178.37	3,210.47	3,313.45
INDIAN RUPEE	INR	-	303.69	315.83
YEN	JPY	154.45	156.01	163.46
KOREAN WON	KRW	15.83	17.59	19.19
KUWAITIAN DINAR	KWD	-	82,722.43	86,029.28
MALAYSIAN RINGGIT	MYR	-	5,342.29	5,458.79
NORWEGIAN KRONER	NOK	-	2,357.31	2,457.39
RUSSIAN RUBLE	RUB	-	271.91	301.00
SAUDI RIAL	SAR	-	6,765.45	7,035.90
SWEDISH KRONA	SEK	-	2,372.29	2,473.00
SINGAPORE DOLLAR	SGD	18,303.92	18,488.81	19,081.89
THAILAND	THB	611.26	679.18	705.19
US DOLLAR	USD	25,225.00	25,255.00	25,475.00

Exchange rate developments in the domestic market

In the domestic market, according to TGVN at 7:30 a.m. on June 24, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,262 VND, an increase of 6 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 25,225 VND - 25,475 VND.

Vietinbank : 25,175 VND - 25,475 VND.

Foreign exchange rates, USD/VND exchange rate today, June 25: USD depreciates against Japanese Yen. (Source: Reuters)

Exchange rate developments in the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) was at 105.49, down 0.31%.

The dollar slipped from an eight-week high against the yen as traders wary of government intervention to support the Japanese currency.

This came after the Japanese yen hit 160 against the dollar - a key psychological level that had previously prompted Japan's Finance Ministry to act to support the currency.

The greenback rose to 159.94 earlier in the session against the Japanese yen, its highest since April 29, when the yen hit a 34-year low of 160.245.

That has forced the Japanese government to spend about 9.8 trillion yen to support the currency.

The Japanese currency then quickly recovered to 158.75 yen/USD and closed the trading session down 0.1%, at 159.65. The USD fell after 7 consecutive days of gains.

The yen remains under pressure, despite Japan's top currency official warning that authorities are ready to intervene in currency markets if necessary.

Specifically, Japanese Deputy Minister of Finance Masato Kanda said that excessive exchange rate fluctuations would negatively affect the national economy. This official said that in case of excessive fluctuations due to speculative activities, the Japanese government is ready to take appropriate action.

The focus this week will be on the release of the US personal consumption expenditures (PCE) price index at the end of the week, a key data that helps the US Federal Reserve (Fed) assess progress in bringing inflation down to its 2% target.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-256-usd-truot-gia-so-voi-yen-nhat-276142.html