Yen hits highest level in over a year

Yen exchange rate today

According to Lao Dong, on April 22, the Japanese Yen (JPY) continued to maintain its upward trend for three consecutive days, as investors flocked to safe-haven assets amid escalating trade tensions between the US and China.

The Yen exchange rate against the US Dollar is currently fluctuating around 140.167 USD/JPY. This is also the highest price of Yen since July 2023.

Yen exchange rate updated on April 22, 2025. Photo: Tradingview.com

The main reason comes from concerns that new tariff measures by US President Donald Trump could exacerbate the risk of a global economic recession.

Yen on steady rise

Not only supported by safe-haven demand, the Japanese Yen is also boosted by growing expectations that the Bank of Japan (BoJ) will continue to raise interest rates in 2025. In contrast, the US Federal Reserve (Fed) is facing great pressure to ease monetary policy.

With the big difference between the BoJ and Fed's policy stances, investors are losing confidence in the USD.

On the other hand, Japan is still in the process of trade negotiations with the US. Japanese Economic Revitalization Minister Ryosei Akazawa said after the first round of talks last week that the two sides need more time to narrow their differences, especially on the issue of protecting Japan's agricultural sector from US demands on the auto industry. Japanese Finance Minister Katsunobu Kato is expected to meet with US Treasury Secretary Scott Bessent this week to discuss exchange rates and related issues.

In the current context of geopolitical and monetary policy instability, the Japanese Yen is still considered a safe destination for global investors.

Source: https://baoquangninh.vn/dong-yen-tang-gia-cao-nhat-trong-hon-1-nam-3354605.html