Japanese Yen exchange rate today May 23, 2025: Domestic and international prices continue to increase
Japanese Yen exchange rate today May 23, 2025: Japanese Yen maintained its upward momentum domestically and internationally due to core machinery order data in March in Japan far exceeding expectations.
Domestic Japanese Yen exchange rate today May 23, 2025
* The buying and selling rates of Japanese Yen at the State Bank's Exchange remain unchanged, currently at: 165 VND - 182 VND.
In the "black market", the black market Japanese yen exchange rate as of 4:30 a.m. on May 23, 2025 increased slightly, trading around 179.96 VND/JPY.
The buying and selling rates of Japanese Yen at commercial banks are as follows:
| Japanese Yen Exchange Rate | May 23, 2025 | Change from previous session | ||
| Bank | Buy | Sell | Buy | Sell |
| Vietcombank | 174.84 | 185.95 | 1.06 | 1.13 |
| Vietinbank | 177.69 | 185.69 | 1.29 | -0.41 |
| BIDV | 178.1 | 186.38 | 1.38 | 1.44 |
| Agribank | 176.59 | 184.7 | 0.92 | 0.96 |
| Eximbank | 178.52 | 184.67 | 1.37 | 1.48 |
| Sacombank | 177.98 | 185.53 | 1.15 | 1.18 |
| Techcombank | 174.66 | 185.02 | 1.13 | 1.1 |
| NCB | 175.6 | 185.96 | 1.16 | 1.17 |
| HSBC | 176.83 | 184.63 | 1.31 | 1.37 |
The selling price at BIDV reached 186.38 VND/JPY, the highest among the banks. Vietcombank bought at 174.84 VND/JPY and Techcombank at 174.66 VND/JPY, the lowest among the banks.
All banks increased their buying and selling prices of yen compared to yesterday. The biggest increases were at BIDV (buying increased by 1.38 VND, selling increased by 1.44 VND) and Eximbank (buying increased by 1.37 VND, selling increased by 1.48 VND).
USD/JPY exchange rate today 5/23/2025
In the international market, the Japanese yen recorded trading at 4:30 a.m. at 143.77 USD/JPY, up 0.06% compared to the closing price yesterday (May 22).
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The Japanese yen (JPY) edged up slightly against the US dollar (USD), becoming one of the few currencies to post positive performance despite the dollar’s broad-based strength. This is a sign that the yen has some of its own support, according to Scotiabank’s Head of FX Strategy Shaun Osborne.
One of the main drivers was Japan's core machinery orders data for March, which beat expectations. However, this positive momentum was somewhat tempered by less optimistic preliminary PMI readings.
The manufacturing PMI fell to 49, indicating contraction, while the services PMI edged up to 50.8 – just above expansion.
In the bond market, yields in Japan have now stabilized and moved in line with other major markets, leaving the interest rate differential between Japan and other countries almost unchanged.
Notably, at the G7 meeting in Banff, US Treasury Secretary Bessent and Japanese Finance Minister Kato met and reaffirmed their commitment to respecting the market-determined exchange rate. This statement was considered by investors as a signal to strengthen the stability of the yen in the short term.