Japanese Yen exchange rate today May 28, 2025: Japanese Yen decreased due to a sharp decline in yields on ultra-long-term Japanese government bonds
Japanese Yen exchange rate today May 28, 2025: Japanese Yen decreased due to a sharp decline in yields on ultra-long-term Japanese government bonds
Domestic Japanese Yen exchange rate today May 28, 2025
* The Japanese Yen exchange rate at the State Bank's exchange office increased slightly, currently at: 167 VND - 184 VND.
In the "black market", the black market Japanese Yen exchange rate as of 4:30 a.m. on May 28, 2025 increased slightly, trading around 181.50 VND/JPY.
The Japanese yen exchange rate at domestic commercial banks recorded a slight downward trend.
Specifically, VietinBank made the strongest adjustment with a decrease of 2.24 JPY for both buying and selling, trading at 175.58 - 185.28 JPY. Vietcombank also decreased 0.78 JPY for buying and 0.84 JPY for selling, bringing the exchange rate to 174.12 - 185.18 JPY.
Other banks such as BIDV, Sacombank and Techcombank also saw slight decreases of around 0.7 - 1.2 JPY in both directions. Only Agribank, NCB and HSBC recorded slight increases during the day.
NCB was the unit with the strongest increase, with the selling price increasing by 0.84 JPY, reaching the market high of 187.43 JPY. HSBC and Agribank both adjusted up by about 0.18 - 0.2 JPY.
| Japanese Yen Exchange Rate | May 28, 2025 | Change from previous session | ||
| Bank | Buy | Sell | Buy | Sell |
| Vietcombank | 174.12 | 185.18 | -0.78 | -0.84 |
| Vietinbank | 175.58 | 185.28 | -2.24 | -2.24 |
| BIDV | 176.79 | 185.05 | -0.79 | -0.79 |
| Agribank | 177.91 | 186.06 | 0.18 | 0.18 |
| Eximbank | 177.49 | 183.54 | -0.88 | -0.99 |
| Sacombank | 176.63 | 184.16 | -1.28 | -1.26 |
| Techcombank | 173.31 | 183.71 | -1.18 | -1.14 |
| NCB | 177.27 | 187.43 | 0.84 | 0.84 |
| HSBC | 177.79 | 185.63 | 0.19 | 0.2 |
USD/JPY exchange rate today 5/28/2025
In the international market, the USD/JPY exchange rate recorded at 4:30 a.m. was trading at 144.42 USD/JPY, up 1.11% compared to the closing price yesterday (May 27).
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The main driver came from a sharp decline in yields on ultra-long-term Japanese government bonds, following news that the Japanese Ministry of Finance (MOF) may reduce the issuance of this type of bond in the coming time.
Additionally, the bullish sentiment in the market was also boosted by the decision of US President Donald Trump to postpone the imposition of a 50% tariff on imports from the European Union (EU). This move caused the yen to sell off, triggering a wave of short-covering and boosting the USD/JPY, especially as the greenback also recovered slightly from its lowest level in more than a month on Monday.
However, the upside prospects for the USD remain limited for now, with growing concerns about the US fiscal situation weighing on market sentiment.
If passed, Mr Trump’s tax bill is expected to add $4 trillion to the US budget deficit over the next 10 years – a huge fiscal burden that could make investors lose faith in the strength of the greenback.
In addition, expectations that the US Federal Reserve will maintain a dovish stance and possibly cut interest rates at least twice this year are putting downward pressure on the USD. Meanwhile, in Japan, recent economic data – especially service sector inflation, with the PPI rising 3.1% in April – are reinforcing the case that the Bank of Japan (BoJ) will continue to tighten monetary policy in 2025.
However, geopolitical risks and general market caution could still limit the yen’s upside. In the short term, USD/JPY is likely to continue to fluctuate in a narrow range, depending on the policy developments of both the Fed and the BoJ as well as new developments on the global financial and trade fronts.
