What is the exchange rate of Japanese yen

What is the exchange rate of Japanese yen? ——Analysis of recent exchange rate trends and hot spots

Recently, the Japanese yen exchange rate has become one of the focuses of global financial markets. Affected by the Federal Reserve's policies, the Bank of Japan's movements and the global economic situation, the Japanese yen exchange rate fluctuates significantly. This article will analyze the current level and influencing factors of the Japanese yen exchange rate based on hot topics and hot content in the past 10 days.

1. The latest data on the Japanese yen exchange rate (as of October 2023)

2. Hot events affecting the Japanese yen exchange rate

1.Fed rate hike expectations: The U.S. CPI data in September exceeded expectations, and the market’s probability of the Federal Reserve raising interest rates in November rose to 90%. The strengthening of the U.S. dollar put pressure on the Japanese yen.

2.Bank of Japan policy trends: The Bank of Japan maintained its ultra-loose monetary policy. Governor Kazuo Ueda said that he was "in no hurry to adjust the YCC policy." The yen exchange rate fell to around the 150 mark.

3.geopolitical factors: Tensions in the Middle East have boosted demand for safe havens, but the Japanese yen has failed to gain traditional safe haven advantages, reflecting market concerns about Japan's economic fundamentals.

4.Japanese economic data: Core CPI rose 2.8% year-on-year in August, higher than the central bank's target for 17 consecutive months, but weak wage growth inhibited the expected shift in monetary policy.

3. Institutional Forecasts on the Japanese Yen Exchange Rate

4. The impact of the Japanese yen exchange rate on the economy

1.Export companies benefit: The financial reports of Toyota and other car companies show that the depreciation of the yen has brought additional exchange gains.

2.Import costs rise: Japan’s trade deficit reached 558 billion yen in September, and pressure on energy and food imports intensified.

3.Tourism recovery: The depreciation of the yen stimulated the consumption of foreign tourists, and tourists visiting Japan during the National Day returned to 80% of the pre-epidemic level.

5. Suggestions for ordinary people to deal with

1.Study abroad planning: Under the current exchange rate, the annual cost of studying in Japan is reduced by about 15% year-on-year.

2.Overseas shopping: Buying Japanese goods through cross-border e-commerce can save about 20% of the cost.

3.foreign exchange: It is recommended to exchange foreign exchange in batches and pay attention to the key psychological level of 150.

Conclusion

The current exchange rate of the Japanese yen is at a historically low range, and in the short term it will still be dominated by the divergence of monetary policies between the United States and Japan. Investors need to pay close attention to the Bank of Japan interest rate meeting on October 31 and the third quarter GDP data of the United States. In the long term, the persistence of Japan's inflation and wage growth will be the key factors determining the trend of the yen.

(Note: The data in this article are as of mid-October 2023, and the specific exchange rate is subject to real-time market conditions)