Japanese Yen exchange rate today May 24, 2025: Domestic and international data continue to increase, CPI data in Japan is higher than forecast
Japanese Yen exchange rate today May 24, 2025: Japanese Yen maintains its upward momentum domestically and internationally due to higher-than-expected consumer inflation (CPI) data in Japan.
Domestic Japanese Yen exchange rate today 5/24/2025
* The buying and selling rates of Japanese Yen at the State Bank of Vietnam 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 24, 2025 increased slightly, trading around 180.12 VND/JPY.
The buying and selling rates of Japanese Yen at commercial banks are as follows:
| Japanese Yen Exchange Rate | May 24, 2025 | Change from previous session | ||
| Bank | Buy | Sell | Buy | Sell |
| Vietcombank | 174.59 | 185.68 | -0.25 | -0.27 |
| Vietinbank | 177.6 | 185.6 | -0.09 | -0.09 |
| BIDV | 177.13 | 185.41 | -0.97 | -0.97 |
| Agribank | 176.59 | 184.7 | 0 | 0 |
| Eximbank | 177.9 | 184.03 | -0.62 | -0.64 |
| Sacombank | 177.47 | 185.02 | -0.51 | -0.51 |
| Techcombank | 174.21 | 184.6 | -0.45 | -0.42 |
| NCB | 175.18 | 185.54 | -0.42 | -0.42 |
| HSBC | 176.15 | 183.92 | -0.68 | -0.71 |
According to the exchange rate table on May 24, 2025, the buying and selling rates of Japanese yen at Vietnamese banks were simultaneously adjusted down compared to the previous session.
The highest selling price was at Vietinbank (185.6 VND/JPY), while the lowest was at HSBC (183.92 VND/JPY).
Compared to the previous session, all banks reduced their selling prices, the strongest being HSBC (-0.71 VND), followed by BIDV (-0.97 VND), Eximbank (-0.64 VND) and Sacombank (-0.52 VND).
Eximbank is buying Japanese yen at the highest price (177.9 VND), while Techcombank is buying yen at the lowest price (174.21 VND).
Similar to the selling price, most banks reduced their buying prices, of which BIDV recorded the sharpest decrease (-0.97 VND), followed by HSBC and Eximbank, both decreasing -0.68 VND and -0.62 VND.
Agribank is the only bank that keeps the buying and selling prices unchanged.
USD/JPY exchange rate today 5/24/2025
In the international market, the USD/JPY exchange rate recorded at 4:30 was trading at 142.69 USD/JPY, down 1.34% compared to the closing price yesterday (May 23).
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The USD/JPY pair continued to fall, reflecting the weakening of the US dollar and US government bond yields. This downward trend is still quite evident, according to OCBC bank analysts Frances Cheung and Christopher Wong.
Japan's consumer price inflation (CPI) data came in higher than expected this morning, reinforcing expectations that the Bank of Japan (BoJ) will continue its monetary policy easing, a signal that has sent the yen stronger against the US dollar.
On the trade front, negotiations between Japan and the US are taking a new turn. Japanese negotiator Akazawa has just begun a third round of talks with US officials, which will last until the end of this week. He is also expected to return to the US on May 30 to continue discussions, possibly meeting with Ms. Bessent, an important figure in the US administration.
In addition, Japanese Prime Minister Ishiba had a 45-minute phone call with former President Trump to discuss the tariff issue, but no specific content was announced. If the situation allows, Ishiba may meet directly with Trump next month.
Technically, USD/JPY is in a slight downtrend. The RSI also shows that bearish pressure is present. The next support level is at 142.40 and then 142, while the nearest resistance zone is at 144.40–144.60, followed by 145.80.
According to the strategy outlined in the FX Weekly report on May 13, OCBC maintains a short position in USD/JPY from 148, with the target expected to fall to 141. The stop loss is placed at 151 to limit risk if the market moves against the forecast.
