Yen exchange rate today
According to Lao Dong, on March 25, the Yen (JPY) attracted buying power after hitting a three-week low against the USD.
The Yen exchange rate today fluctuates around 150.444 USD/JPY; meaning 1 USD can be exchanged for about 150 JPY.
This recovery helped the JPY end a three-day downward trend, thanks to the minutes of the Bank of Japan's (BoJ) January meeting, in which policymakers discussed conditions for continuing to raise interest rates.
The BoJ's move is in contrast to the US Federal Reserve (Fed), which is expected to cut interest rates twice in 2025, reducing the USD's recovery momentum and limiting the USD/JPY exchange rate below 151.00.
Yen appreciates but still faces disadvantages
However, according to FXStreet, market risk sentiment is still supported by expectations that US President Donald Trump's counterpart tariffs will be narrower in scope and less impactful than initially forecast.
In addition, negotiations between the US and Russia on a ceasefire in the Black Sea along with China's consumer stimulus measures have boosted investor confidence. This limits the strong appreciation of the JPY a safe-haven asset so that the JPY cannot increase too strongly.
US economic data is also affecting the market. The US Comprehensive PMI rose to 53.5 in March from 51.6 a year earlier, helping the USD maintain a more favorable position against the JPY.
