Japanese Yen exchange rate today May 17, 2025: Japanese Yen decreased after the USD increased again

USD/JPY exchange rate today May 17, 2025

The USD/JPY pair has recovered slightly, rising to near 145.95. The recovery momentum is mainly due to the USD's recovery. The US Dollar Index (DXY) has risen above 101, reflecting the USD's recovery strength against six major currencies.

Expectations for consumer inflation over the next year rose sharply from 6.5% to 7.3%. This development increases the possibility that the US Federal Reserve will continue to keep interest rates unchanged instead of cutting them, as previously expected.

The University of Michigan's Consumer Sentiment Index (CSI) also caused concern when it fell to 50.8, the lowest level since June 2022 and much lower than the expectation of 53.4. This was the fifth consecutive month of decline.

Meanwhile, the Japanese yen continued to show relative strength, even though Japan's first-quarter GDP data showed the economy contracted 0.2% in the January-March period, less than the forecast 0.1% decline. Previously, the Japanese economy grew a strong 0.6% in the final quarter of 2024.

Analysts at UOB Group, including Quek Ser Leang and Peter Chia, said the USD could retest the 144.95 support against the Japanese yen, but the likelihood of a clear break below this level is low. In the medium term, the USD uptrend has weakened, and USD/JPY is expected to fluctuate in a range between 144.50 and 148.50 in the near term.

Domestic Japanese Yen exchange rate today May 17, 2025

* The Japanese Yen buying and selling rates at the State Bank's Exchange increased slightly, currently at: 163 VND - 181 VND.

In the "black market", the black market Japanese yen exchange rate as of 4:30 a.m. on May 17, 2025 also increased slightly, trading around 178.74 VND/JPY.

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

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

SHB Bank is buying Japanese Yen cash at the highest price of 178.85 VND/JPY

SHB Bank is buying Japanese Yen transfers at the highest price of 179.85 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 184.14 VND/JPY

Quoc Duong