Japanese Yen exchange rate today April 10, 2025: Strong increase amid economic crisis
Japanese Yen exchange rate today April 10, 2025: Yen exchange rate is adjusted up by domestic banks compared to previous days. The difference between banks is quite clear, reflecting strong fluctuations in the global financial market.
Today's Japanese Yen exchange rate, April 10, 2025, recorded fluctuations at Vietnamese banks. Vietcombank listed the buying rate at 172.63 VND/JPY and the selling rate at 183.60 VND/JPY.
At Vietinbank, the buying rate is 175.85 VND/JPY and the selling rate is 185.55 VND/JPY.
BIDV and Agribank also have similar exchange rates with buying rates of 175.43 and 175.01 VND/JPY respectively, while selling rates are 183.58 and 182.85 VND/JPY.
Eximbank and Sacombank listed buying prices at 176.53 and 175.80 VND/JPY, selling prices at 182.41 and 182.81 VND/JPY.
Techcombank and NCB offered buying rates of 172 and 173.51 VND/JPY, selling rates of 184.7 and 183.87 VND/JPY, respectively.
HSBC listed the buying price at 174.57 VND/JPY and the selling price at 182.27 VND/JPY.
On the black market, the Japanese Yen exchange rate is traded at 178.53 VND/JPY for buying and 179.58 VND/JPY for selling.
At 6 o'clock in the morning 10/4/2025, the summary table of Yen/VND exchange rates at some banks is as follows:
| *Note: Cash buying and selling rates | ||
| Bank | Buy | Sell |
| Vietcombank | 172.63 | 183.60 |
| VietinBank | 175.85 | 185.55 |
| BIDV | 175.43 | 183.58 |
| Agribank | 175.01 | 182.85 |
| Eximbank | 176.53 | 182.41 |
| Sacombank | 175.80 | 182.81 |
| Techcombank | 172 | 184.7 |
| NCB | 173.51 | 183.87 |
| HSBC | 174.57 | 182.27 |
| Black market rate (VND/JPY) | 178.53 | 179.58 |
After President Trump announced a series of new tariffs, risk aversion spread, capital flows sought the yen - a traditional safe-haven asset. At the same time, rising Japanese inflation forced the Bank of Japan to consider raising interest rates, further strengthening the JPY.
In contrast, the US Federal Reserve is under pressure to cut interest rates to ease the impact of tariffs. The FedWatch tool shows that the probability of a rate cut in May has exceeded 60%. The narrowing policy gap between the two sides makes the yen more attractive.
Goldman Sachs predicts that USD/JPY could fall to 140 this year, meaning the Yen exchange rate still has room to increase by about 7% if the US recession scenario occurs.
