Japanese Yen exchange rate today, April 25, 2025: Slightly decreased.

At the same time, the US dollar (USD) edged up slightly, helping the USD/JPY exchange rate surpass the 143.00 mark and recover somewhat from its recent decline.

However, consumer inflation in Tokyo rose sharply in April, indicating that price pressures are spreading across Japan. This reinforces expectations that the Bank of Japan (BoJ) will continue to raise interest rates in the near future.

In contrast, officials at the US Federal Reserve (Fed) are showing a tendency toward cutting interest rates, reducing the likelihood of a sharp rise in the USD and helping to limit the depreciation of the yen.

President Donald Trump said the world's two leading economies have held talks aimed at resolving their trade dispute. A White House official also confirmed that low-level, in-person and telephone discussions had taken place this week.

However, China denies any negotiations, creating conflicting information and making markets more unpredictable. In this context, safe-haven assets like the yen could still receive support if tensions escalate.

Inflation in Tokyo continues to surge. The consumer price index (CPI) in April rose 3.5% year-on-year, compared to 2.9% the previous month. The core CPI, excluding fresh food, also increased 3.4%, the highest level in two years.

Notably, the index excluding both food and fuel rose to 3.1% from 2.2% the previous month. These figures further reinforce the argument that the BoJ may continue to raise interest rates after the previous 50 basis point hike.

Conversely, signals from the Fed leaned toward interest rate cuts. Fed Governor Christopher Waller indicated he would support such a move if current tax levels negatively impacted the labor market. Cleveland Fed President Beth Hammack even suggested cuts could begin as early as June if appropriate economic data emerged. However, Fed Chairman Jerome Powell had previously been more cautious, stating that clearer data was needed before changing policy.

Despite the positive US economic data released on Thursday, including a 9.2% increase in durable goods orders in March for the third consecutive month, and a sharp 27% increase in transport equipment orders, the prospect of monetary policy easing from the Fed remains dominant and is overshadowing these positive signals.

Furthermore, expectations that Japan will reach a trade agreement with the U.S. are also supporting market sentiment towards the yen. Japanese Economy Minister Ryosei Akazawa is expected to hold a second round of trade talks with U.S. Treasury Secretary Scott Bessent next week. This could lead to positive progress in bilateral relations, contributing to exchange rate stability and supporting the yen in the short term.

On the domestic market, at the beginning of the trading session on April 25, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong against the US Dollar increased by 31 dong, currently standing at 24,928 dong.

The reference exchange rate at the State Bank of Vietnam's exchange floor increased slightly for buying and selling, currently standing at: 23,732 VND - 26,124 VND.

On the buying side, OCB Bank stands out with the highest cash buying price at 179.39 VND/JPY, while its transfer buying price is also the highest in the market, reaching 180.89 VND/JPY.

VIB remains the bank with the lowest buying rate, at only 167.74 VND/JPY for cash and 169.14 VND/JPY for transfers.

On the selling side, LPBank and OceanBank jointly led with the lowest cash selling price in the market, at only 189.06 VND/JPY.

NCB is currently offering the highest transfer selling rate at 187.87 VND/JPY, 3 dong higher than the average rate at major banks.

Commercial banks commonly offer selling rates for JPY ranging from 186 to 187 VND/JPY, while buying rates remain around 178 to 180 VND/JPY.