Strong growth amid economic uncertainty

Japanese Yen exchange rate today April 10, 2025: The Japanese Yen has increased significantly in the context of global economic instability. Eximbank leads with the highest buying rate, while HSBC offers the lowest selling rate.

In the domestic market

Today's Japanese Yen exchange rate, April 10, 2025, recorded fluctuations at Vietnamese banks. Vietcombank listed the buying rate at 172.63 VND/JPY and the selling rate at 183.60 VND/JPY.

At Vietinbank , the buying rate is 175.85 VND/JPY and the selling rate is 185.55 VND/JPY.

BIDV and Agribank also have similar exchange rates with buying rates of 175.43 and 175.01 VND/JPY respectively, while selling rates are 183.58 and 182.85 VND/JPY.

Eximbank and Sacombank listed buying prices at 176.53 and 175.80 VND/JPY, selling prices at 182.41 and 182.81 VND/JPY.

Techcombank and NCB offered buying rates of 172 and 173.51 VND/JPY, selling rates of 184.7 and 183.87 VND/JPY, respectively.

HSBC listed the buying price at 174.57 VND/JPY and the selling price at 182.27 VND/JPY.

On the black market, the Japanese Yen exchange rate is traded at 178.53 VND/JPY for buying and 179.58 VND/JPY for selling.

At 6:00 a.m. on April 10, 2025, the summary table of Yen/VND exchange rates at some banks is as follows:

In the international market

The Japanese Yen is becoming a safe haven for global capital flows amid financial market turmoil caused by new tariffs imposed by US President Donald Trump. Rising tensions between major economies have investors turning to riskier assets such as the JPY.

In addition to market sentiment, the yen is also supported by expectations that the Bank of Japan will raise interest rates in 2025. Inflationary pressures in Japan are rising, and BoJ officials have signaled their readiness to act if necessary.

In contrast, the US Federal Reserve is under pressure to ease monetary policy to deal with the impact of tariffs. According to the CME Group's FedWatch tool, the probability of the Fed cutting interest rates at its May meeting has exceeded 60%, and could even cut rates five times this year.

The yen could rise to 140 yen per dollar, or about 7% above current levels, according to Kamakshya Trivedi of Goldman Sachs. He said the currency is emerging as one of the top safe havens in the event of a U.S. recession, and could surpass Bloomberg’s forecast of 145 yen per dollar by year-end.

Source: https://baodaknong.vn/ty-gia-yen-nhat-hom-nay-10-4-tang-manh-giua-boi-canh-kinh-te-bat-on-248897.html