Yen exchange rate rises again but still struggles

    Huyền Mai |

    The Yen exchange rate today, September 30, increased slightly around 142.00 thanks to economic stimulus measures from China and Japan's supportive monetary policy.

    According to FXStreet, in the first trading session of the week on September 30, some investors started to buy USD/JPY after the pair fell sharply on Friday, September 27, from a more than three-week high of 146.50 JPY/USD. However, today the Yen exchange rate increased slightly, anchoring around 142.00 JPY/USD, up less than 0.25% on the day.

    Markets were boosted by fresh stimulus measures announced by China over the weekend, with the People's Bank of China (PBOC) saying it would ask banks to cut mortgage rates on existing home loans.

    In addition, Japan’s new Prime Minister Shigeru Ishiba said the Bank of Japan’s (BoJ) monetary policy will remain accommodative to support a weak economic recovery. This, along with the general election scheduled for October 27 and mixed economic data from Japan, has weakened the value of the Japanese Yen (JPY), helping the USD/JPY pair hold firm.

    The latest economic report from the Japanese government showed that the country's retail sales rose 2.8% in August from a year earlier, beating market expectations of 2.3%. However, industrial production fell more than expected, falling 3.3% in the month, which did little to strengthen the yen.

    However, the market still believes that the Bank of Japan may raise interest rates by the end of the year, which somewhat limits the depreciation of the Yen. In addition, the US Dollar has not had many major fluctuations, which also prevents the USD/JPY pair from increasing strongly.

    The US Dollar Index (DXY), which measures the value of the US dollar against a basket of currencies, remained at its lowest level since July 2023 on speculation that the US Federal Reserve (Fed) could ease monetary policy. This has traders cautiously deciding whether USD/JPY can continue to rise. All eyes are now on China's PMIs and Fed Chairman Jerome Powell's speech during the US trading session.

    According to Lao Dong, at 10:00 a.m. on September 30, the exchange rate of the Japanese Yen against the US dollar increased slightly to the highest level of the day at 142.96 JPY/USD. Previously, the Yen had reached a multi-week high of 146.49 IPY/USD.

    Bieu do ty gia USD/JPY cap nhat 10h00 ngay 30.9. Anh: Investing.com.
    USD/JPY exchange rate chart updated at 10:00 on September 30. Photo: Investing.com.
    Huyền Mai
    RELATED NEWS

    92.5 trillion VND project in Hanoi: Hundreds of people come to hear information about land acquisition

    |

    Hanoi - The work of land acquisition and site clearance for the Olympic Sports Urban Area project, with an investment of 925 trillion VND, is being actively implemented by communes.

    The atmosphere of Chôl Chnăm Thmây Tet is bustling in the heart of Ho Chi Minh City. Photo: Thai Bao

    People excitedly attend the Buddha bathing ceremony during the Chol Chnam Thmay Tet holiday

    |

    Ho Chi Minh City - Chôl Chnăm Thmây Tet at Candaransi Pagoda attracts a large number of people, highlighted by the Buddha bathing ritual and imbued with the identity of the Khmer people.

    Politburo Member, Prime Minister Le Minh Hung signs decision to dissolve the National Traffic Safety Committee from June 1. Photo: VGP

    Terminating the operation of the National Traffic Safety Committee from June 1, 2026

    |

    The Prime Minister decided to terminate operations and dissolve the National Traffic Safety Committee and the Traffic Safety Boards of localities from June 1, 2026.

    The incident of a teacher punishing a student for self-injecting a needle into his hand occurred at Luong The Vinh Primary School. Photo: Dinh Trong

    Case of teacher punishing 5 students for self-injecting needles in their hands: Test results have been available

    |

    Ho Chi Minh City - 5 students who were punished by teachers by self-injecting needles into their hands have blood counts within normal limits and are continuing to be monitored for their health.

    The Government requests ministries, ministerial-level agencies, and People's Committees of provinces and cities to inspect and supervise the arrangement and arrangement of deputy-level leaders. Photo: Ta Quang

    Government directs inspection of the arrangement and assignment of deputy-level leaders

    |

    The Government requests inspection and supervision of legal regulations on arranging and assigning the number of deputy-level leaders according to regulations.

    At the working session of the Vietnam General Confederation of Labor with Lao Dong Newspaper, Mr. Nguyen Anh Tuan - Member of the Party Central Committee, Vice Chairman of the Central Committee of the Vietnam Fatherland Front; Secretary of the Party Committee, Chairman of the Vietnam General Confederation of Labor expressed his belief that Lao Dong Newspaper will maintain its number 1 position in protecting workers. Photo: Hai Nguyen

    Trusting Lao Dong Newspaper to maintain its No. 1 position in protecting workers

    |

    Hanoi - At a working session with Lao Dong Newspaper on the morning of April 16, Chairman of the Vietnam General Confederation of Labor Nguyen Anh Tuan expressed his belief that Lao Dong Newspaper will continue to maintain its number 1 position in protecting workers.

    Yen exchange rate suddenly drops after reaching peak

    Huyền Mai |

    After former Defense Minister Shigeru Ishiba won the election for Japanese Prime Minister, the Yen exchange rate suddenly fell.

    Yen exchange rate increases to an unbelievable level

    Huyền Mai |

    The Yen exchange rate on September 27 increased to a three-week high after Tokyo's inflation data.

    Yen exchange rate unexpectedly increases

    Huyền Mai |

    The Yen exchange rate suddenly increased, investors are waiting for important data from the Bank of Japan, the economic picture is gradually becoming clearer.