Japanese Yen exchange rate today May 29, 2025: Japanese Yen decreased due to investors selling off ultra-long-term bonds
Japanese Yen exchange rate today May 29, 2025: Japanese Yen decreased due to investors selling off ultra-long-term bonds, Japan may cut the issuance of this type of bond
Domestic Japanese Yen exchange rate today May 29, 2025
* The Japanese Yen buying and selling rates at the State Bank's Exchange slightly decreased, currently at: 164 VND - 181 VND.
In the "black market", the black market Japanese yen exchange rate as of 4:30 a.m. on May 29, 2025 slightly decreased, trading around 179.55 VND/JPY.
Japanese yen exchange rates at domestic commercial banks recorded a slight downward trend.
HSBC was the bank with the biggest decrease in both buying and selling rates. The buying rate decreased by VND2.48 to VND175.31/JPY, while the selling rate also decreased by VND2.58 to VND183.05/JPY. This was the deepest adjustment of the session and clearly showed caution in the face of the yen's depreciation.
Similarly, NCB, Agribank, and BIDV also decreased sharply in both directions. Of which, Agribank decreased by 2.43 VND in buying and 2.62 VND in selling, bringing the selling rate down to 183.44 VND/JPY.
On the other hand, VietinBank was the only bank to record a significant increase, with the buying rate increasing by VND1.04, reaching VND176.62/JPY, although the selling rate still decreased by VND0.66. This shows VietinBank's own adjustment strategy to balance supply and demand.
Sacombank made slight adjustments with buying prices increasing by 0.11 VND and selling prices increasing by 0.09 VND, showing efforts to keep exchange rates stable while the market fluctuates.
Techcombank and Vietcombank had small fluctuations, almost keeping the buying and selling rates unchanged compared to the previous day.
| Japanese Yen Exchange Rate | May 29, 2025 | Change from previous session | ||
| Bank | Buy | Sell | Buy | Sell |
| Vietcombank | 173.79 | 184.84 | -0.33 | -0.34 |
| Vietinbank | 176.62 | 184.62 | 1.04 | -0.66 |
| BIDV | 176.46 | 184.66 | -0.33 | -0.39 |
| Agribank | 175.48 | 183.44 | -2.43 | -2.62 |
| Eximbank | 177.28 | 183.39 | -0.21 | -0.15 |
| Sacombank | 176.74 | 184.25 | 0.11 | 0.09 |
| Techcombank | 173.3 | 183.66 | -0.01 | -0.05 |
| NCB | 175.06 | 185.22 | -2.21 | -2.21 |
| HSBC | 175.31 | 183.05 | -2.48 | -2.58 |
USD/JPY exchange rate today 5/29/2025
In the international market, the USD/JPY exchange rate recorded at 4:30 was trading at 144.93 USD/JPY, up 0.61% compared to the closing price yesterday (May 28).
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In Japan, demand at a 40-year government bond auction on Wednesday fell to its lowest level since July as investors sold ultra-long-dated bonds. News that Japan may cut issuance of such bonds sent the yen down about 1% in the previous session.
Although domestic economic data has not changed much, the market is paying attention to a series of important information to be released at the end of the week. Reports on employment, Tokyo consumer price index (CPI), industrial production and retail sales will be released and are considered the basis for measuring the health of the economy.
Notably, Bank of Japan (BoJ) Governor Kazuo Ueda will give a speech next week, and investors will be watching closely to see if there is any change in policy tone ahead of the crucial meeting on June 17.
Since the beginning of the year, the BoJ has maintained a hawkish stance on monetary policy. However, the rapid increase in bond yields is creating major fluctuations in the public debt market, forcing the central bank to be more cautious in its upcoming steps.
