Japanese Yen exchange rate today May 1, 2025: Continued decline

This was mainly due to weaker-than-expected economic data, particularly industrial production and retail sales, according to Scotiabank's Head of FX Strategy Shaun Osborne.

The JPY continued to be under pressure in European trading on Wednesday as demand for safe-haven assets declined as US-China trade tensions showed signs of easing. In addition, US President Donald Trump announced a policy to support US automakers by reducing import tariffs on foreign components, which further reinforced the optimistic sentiment in the market.

Meanwhile, Japan’s domestic economic data was less positive. Specifically, industrial production in March fell 1.1%, while retail sales increased only 3.1% compared to the same period last year, lower than expected. These factors continued to put pressure on the Yen.

However, the possibility of further declines in the yen remains limited, with many traders staying on the sidelines as they await a policy decision from the Bank of Japan (BoJ), due on Thursday.

Analysts expect the BoJ to keep interest rates unchanged to avoid further risks to an economy already affected by US tax policies.

However, some signs of inflation and significant wage increases proposed by Japan’s big companies this year could prompt the BoJ to continue normalizing monetary policy in the coming period. This creates a contrast with expectations of easing from the US Federal Reserve (Fed), which could help the yen hold its position in a volatile market environment.

Japanese Yen (JPY) exchange rate at banks today in cash buying direction, the bank with the highest price is PVcomBank with 184.00 VND/JPY.

VIB continues to be the bank with the lowest buying price in both cash and transfer forms, at 167.74 VND/JPY and 169.14 VND/JPY, respectively.

On the selling side, the highest price belonged to PVcomBank with 188.00 VND/JPY via transfer, while LPBank and OceanBank had the lowest cash selling price of 189.88 VND.