Japanese Yen exchange rate today April 29, 2025: Price increase at the beginning of the week

The Bank of Japan is expected to keep monetary policy unchanged at its meeting on Thursday, but investors will still be watching for policy direction as U.S.-Japan trade talks could touch on currency. Japanese officials have also denied that the U.S. has favored a weak dollar and a strong yen in bilateral meetings.

The BoJ is expected to keep interest rates unchanged at 0.5% for the second straight week this week. Investors will be watching the policy statement and Governor Kazuo Ueda's press conference for clues on the likelihood of a rate hike in the near future.

However, most investors are skeptical about the possibility of the BoJ raising interest rates soon due to concerns that new tariffs from US President Donald Trump will reduce Japan's GDP growth. However, rising inflationary pressures could force the BoJ to consider tightening policy.

The Tokyo consumer price index (CPI), excluding fresh food, rose sharply by 3.4% in March, beating expectations of 3.2% and much higher than the previous month's 2.4%, the Statistics Bureau of Japan reported.

Meanwhile, the dollar weakened slightly amid uncertainty over the progress of US-China trade negotiations. US Treasury Secretary Scott Bessent said the trade outlook now depends on China, stressing that Beijing needs to ease tensions as the trade balance is tilted heavily in its favor. Mr. Bessent also said that the current high tariffs are unsustainable and that China’s exemptions on some US imports are a sign of goodwill.

Previously, China announced that it was considering suspending additional tariffs on medical equipment and some industrial chemicals imported from the US, in order to ease trade tensions.

The Japanese Yen (JPY) exchange rate at banks today recorded a clear differentiation in both buying and selling directions. Fluctuating in a wide range, from over 167 VND/JPY to nearly 188 VND/JPY

OCB is currently leading in terms of the highest cash buying price, reaching 179.39 VND/JPY. On the contrary, VIB is still the bank with the lowest buying price, only 167.74 VND/JPY.

In terms of buying by transfer, OCB also recorded the highest price in the market at 180.89 VND/JPY. Meanwhile, VIB also had the lowest buying price by transfer, at only 169.14 VND/JPY, nearly 10 VND lower than the average.

In terms of selling price, LPBank and OceanBank are selling the lowest cash price, both at 187.88 VND/JPY, creating a good choice for those who want to buy. On the contrary, NCB is selling Japanese Yen transfers at the highest price in the market, reaching 187.87 VND/JPY.