Japanese Yen exchange rate today March 31: Still under pressure from USD

Developments in Japanese Yen exchange rate on the international market

In the foreign exchange market, the Japanese Yen (JPY) showed signs of recovery against the US Dollar (USD) when trading around 149.81 JPY to 1 USD. This move came after inflation data released in Tokyo showed that the consumer price index (CPI) in March increased by 2.9%, slightly higher than the previous month's 2.8%.

According to FXStreet analysis, the core CPI, which excludes fresh food, rose to 2.4% from 2.2%, while the core CPI, which excludes fresh food and energy, rose to 2.2%. Inflation remaining above the Bank of Japan's (BoJ) 2% target has fueled expectations that the BoJ will continue to adjust monetary policy in the coming time.

The yen has weakened significantly and hit a four-week low against the dollar due to the impact of US tariff moves. Specifically, President Donald Trump has just announced a 25% tariff on imported cars and light trucks, expected to take effect from April 3. This policy has raised concerns about the negative impact on Japan's auto industry, which accounts for about 3% of the country's gross domestic product (GDP).

Forecast of Japanese Yen exchange rate trend

Investors are now looking ahead to the US Personal Consumption Expenditures Price Index (PCE) report, a key gauge that could help predict the Federal Reserve’s next move. If the data shows that US inflation remains high, the Fed may delay its plans to cut interest rates. This would strengthen the US dollar and could put further pressure on the Japanese yen.

Against this backdrop, the outlook for the USD/JPY exchange rate remains dependent on the monetary policies of both the Fed and the BoJ. If the BoJ continues to tighten monetary policy in the coming months, the Yen could recover further. Conversely, if the Fed maintains a more hawkish monetary policy, the USD is likely to continue to hold the advantage over the Japanese Yen.

In the domestic market

Today's Japanese Yen exchange rate surveyed on the morning of March 31, 2025 at banks, specifically as follows:

At Vietcombank, the Vietcombank Japanese Yen exchange rate is 163.30 VND/JPY and the selling rate is 173.68 VND/JPY.

At Vietinbank, the buying and selling Yen exchange rates are equivalent to 166.49 VND/JPY and 176.19 VND/JPY.

At BIDV bank, the buying and selling rates of Japanese Yen reached 166.42 VND/JPY and 174.09 VND/JPY, respectively.

At Agribank, the Japanese Yen buying and selling rates are 165.52 VND/JPY and 173.26 VND/JPY, respectively.

At Eximbank, the buying and selling rates are 167.16 VND/JPY and 173 VND/JPY, respectively.

At Sacombank, the buying and selling rates of Japanese Yen are 166.85 VND/JPY and 173.87 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 163.97 VND/JPY for buying and 174.25 VND/JPY for selling.

At HSBC bank, the buying rate of Japanese Yen is 165.38 VND/JPY and the selling rate is 172.67 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 HSBC is the bank with the lowest Japanese Yen selling rate among the banks.

On the "black market"

Today, March 31, 2025, surveying the black market, the Japanese Yen/VND exchange rate was traded at 171.35 VND/JPY for buying and 172.98 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 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-31-3-van-chiu-ap-luc-tu-usd-247772.html