Japanese Yen exchange rate today March 28: Yen jumps amid tension...

In the world market

According to records, the Japanese Yen (JPY) suddenly increased when global trade tensions escalated, while the USD weakened slightly in the session of March 27, 2025, the JPY exchange rate against the USD is currently fluctuating around 150.224 USD/JPY; that is, 1 USD is exchanged for about 150 JPY.

The yen depreciated mainly due to expectations of the Bank of Japan's (BoJ) monetary policy and the interest rate differential between Japan and the US.

According to BBC, US President Donald Trump has just announced plans to impose a 25% tax on all imported cars and foreign car parts from April 2, and is preparing to implement the tax on at least 15 countries next week. This has increased concerns about the negative impact on the economy, causing investors to seek safe assets such as the Yen.

In addition, according to FXStreet, the Bank of Japan (BoJ) continues to maintain a tight monetary stance, with the expectation that inflation will reach its 2% target in a sustainable manner. Strong wage growth data for three consecutive years further strengthens the possibility that the BoJ will continue to raise interest rates, helping the Yen maintain its upward momentum.

In contrast, the US Federal Reserve is expected to cut interest rates twice in 2025, each time by 25 basis points. This makes a big difference to the BoJ and could narrow the interest rate differential between the US and Japan, thereby further supporting the Yen.

Still, some Fed officials remain cautious. Chicago Fed President Austan Goolsbee said a rate cut could be delayed due to economic uncertainty. Meanwhile, St. Louis Fed President Alberto Musalem warned that if the labor market continues to strengthen and the impact of tariffs increases, the Fed may have to keep rates higher for a longer period.

On the economic data front, the Commerce Department said durable goods orders rose 0.9% in February, higher than expected but not enough to keep the dollar elevated. Markets will be watching fourth-quarter GDP, weekly jobless claims and pending home sales later today.

However, the most important data is the US Personal Consumption Expenditures (PCE) Price Index tomorrow, March 28, which is a factor that can influence Fed interest rate expectations and strongly impact the USD.

In the domestic market

Today's Japanese Yen exchange rate surveyed on the morning of March 28, 2025 at banks, specifically as follows:

At Vietcombank, the Vietcombank Japanese Yen exchange rate is 164.09 VND/JPY and the selling rate is 174.52 VND/JPY.

At Vietinbank, the buying and selling Yen exchange rates are equivalent to 165.51 VND/JPY and 175.21 VND/JPY.

At BIDV bank, the buying and selling rates of Japanese Yen reached 166.63 VND/JPY and 174.41 VND/JPY, respectively.

At Agribank, the Japanese Yen buying and selling rates are 165.97 VND/JPY and 173.76 VND/JPY, respectively.

At Eximbank, the buying and selling rates are 167.15 VND/JPY and 172.99 VND/JPY, respectively.

At Sacombank, the buying and selling rates of Japanese Yen are 166.45 VND/JPY and 173.49 VND/JPY, respectively.

At Techcombank, the buying and selling rates are 163.06 VND/JPY and 175.57 VND/JPY, respectively.

At NCB bank, the Japanese Yen exchange rate is 164.37 VND/JPY for buying and 174.66 VND/JPY for selling.

At HSBC bank, the buying rate of Japanese Yen is 166.06 VND/JPY and the selling rate is 173.38 VND/JPY.

According to the survey, today's Japanese Yen exchange rate at Eximbank is the bank with the highest Japanese Yen buying rate and the lowest Japanese Yen selling rate among banks.

On the "black market"

Today, March 28, 2025, surveying the black market, the Japanese Yen/VND exchange rate was traded at 170.68 VND/JPY for buying and 171.68 VND/JPY for selling.

In Hanoi, the largest currency exchange street in Hanoi that helps you exchange many types of foreign currencies is Ha Trung currency exchange street. At Ha Trung currency exchange street, you can exchange popular foreign currencies on the market today such as USD (US dollar), Euro, Yen (Japanese Yen), Won (Korean Won), ... and many other currencies. Therefore, the Ha Trung Japanese Yen exchange rate is also a keyword that readers are interested in and the Quoc Trinh Ha Trung store is an address that is advertised a lot on social networks. However, when exchanging money at these foreign currency streets, you need to comply with the regulations of Vietnamese law.

Source: https://baodaknong.vn/ty-gia-yen-nhat-hom-nay-28-3-dong-yen-bat-tang-giua-cang-thang-thuong-mai-247506.html