Yen continues to fall incredibly

Huyền Mai |

The Yen fell to a record level after the BoJ kept interest rates unchanged, to its lowest level in the past 4 months.

Yesterday, the Bank of Japan (BOJ) kept interest rates unchanged at 0.25%. Accordingly, this decision was made to assess the impact of the financial market and exchange rate on the Japanese economy and prices.

After the announcement, the yen decreased by 1.27% against the US dollar, reaching 156.77 JPY/USD. This is the lowest level in more than 4 months.

Many economists predicted that the BOJ would raise interest rates, but the decision to keep it unchanged was a surprise. In contrast, the US Federal Reserve (Fed) cut interest rates to 4.25%-4.5% a day earlier.

The BOJ's decision was passed with 8 votes in favor and 1 against. However, the BOJ believes that the Japanese economy is still unstable. The BOJ also found that businesses are raising wages and prices more than before. At the same time, the current exchange rate has a greater impact on prices than before.

BOJ Governor Kazuo Ueda warned that if the bank waits too long to raise interest rates, it will have to act more aggressively later. However, he said that current inflation is rising slowly, so the BOJ can adjust gradually.

Today, December 20, the yen recovered slightly after hitting a 5-month low. This was due to the higher-than-expected consumer price index (CPI) of Japan and a slight decrease in US bond yields.

New data showed that the CPI in November increased by 2.9% over the same period last year. The CPI excluding fresh food and energy also increased to 2.7%, higher than the previous month. This raises expectations that the BOJ could raise interest rates early next year. Governor Ueda also affirmed that the BOJ is ready to raise interest rates if the economy and prices continue to improve.

Meanwhile, US bond yields hit a 6-month high. This pushed up the value of the US dollar and put pressure on the Yen.

Investors are now waiting for data on the US personal consumption expenditure (PCE) price index. This is an important measure to determine the next trend of the USD/JPY pair.

According to Lao Dong, updated at 1:00 p.m. on December 20, the USD/JPY exchange rate is currently fluctuating around 156.902 USD/JPY, meaning 1 USD can be exchanged for about 157 JPY.

Update the latest Yen exchange rate HERE.

Huyền Mai
TIN LIÊN QUAN

Yen recovers, a moment of peace before the storm?

|

The Japanese Yen recovered slightly, but expectations of keeping interest rates unchanged from the BoJ and rising US yields kept selling pressure on.

Yen returns to bottom

|

The Japanese Yen hit a 3-week low, under pressure from high US interest rates and the BoJ is expected to maintain its policy.

Yen recovers from record low

|

The Japanese Yen recovered slightly ahead of the Fed and BoJ decisions this week, but downward pressure remained strong due to unclear policy expectations.

HCMC temporarily suspends the organization of overseas working groups until the end of July

|

Ho Chi Minh City temporarily suspends the organization of foreign working groups until the end of July 2025, except in special cases that are really necessary to serve important tasks.

Buying Vietlott lottery on the day of giving birth, a worker won more than 16 billion VND

|

A man has just received the Vietlott Jackpot 2 lottery draw Power 6/55 QSMT No. 01210 with a value of more than 16 billion VND.

Mr. Thaksin declares belief in the integrity of Paetongtarn's daughter

|

Former Thai Prime Minister Thaksin Shinawatra shared his views on the situation in Thailand and the suspension of his daughter, Ms. Paetongtarn, from the position of Prime Minister.

There have been conclusions about the person who shot down the MH17 passenger plane

|

The Malaysia MH17 plane crash due to shelling in 2014, with 298 passengers on board, has been determined.

Nam Pan Hydropower Plant workers receive full wages after being reported by Lao Dong Newspaper

|

Son La - The Nam Pan 5 Hydropower Construction Workers' Team has received full salary after being reported by Lao Dong Newspaper.

Yen recovers, a moment of peace before the storm?

Huyền Mai |

The Japanese Yen recovered slightly, but expectations of keeping interest rates unchanged from the BoJ and rising US yields kept selling pressure on.

Yen returns to bottom

Huyền Mai |

The Japanese Yen hit a 3-week low, under pressure from high US interest rates and the BoJ is expected to maintain its policy.

Yen recovers from record low

Huyền Mai |

The Japanese Yen recovered slightly ahead of the Fed and BoJ decisions this week, but downward pressure remained strong due to unclear policy expectations.