The USD/JPY exchange rate rose to 148.4360 on July 18, 2025, up 0.30% from the previous session. Over the past month, the Japanese Yen has weakened 2.27%, but it's up by 5.56% over the last 12 months. Japanese Yen - values, historical data, forecasts and news - updated on July of 2025.

Prices for USDJPY US Dollar Japanese Yen including live quotes, historical charts and news. USDJPY US Dollar Japanese Yen was last updated by Trading Economics this July 18 of 2025.

Interactive historical chart showing the daily U.S. Dollar - Japanese Yen (USDJPY) exchange rate back to 1971.

The amount of Japanese yen that could be bought with USD kept increasing since September 2020. As of July 15, 2025, the exchange rate reached approximately 147.79 Japanese yen. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different than an annual measure at point in time, which reflects concrete values as of end of the year.

Key information about Japan Exchange Rate against USD

• Japan Exchange Rate against USD averaged 137.053 (USD/JPY) in May 2023, compared with 133.475 USD/JPY in the previous month.
• Japan Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
• The data reached an all-time high of 360.000 in Dec 1970 and a record low of 76.643 in Oct 2011.

• In the latest reports, Japan Short Term Interest Rate: Month End: TIBOR: Japanese Yen: 3 Months was reported at 0.075 % pa in May 2023.
• Its Long Term Interest Rate (Bonds Yield: Government Bonds: Newly Issued: 10 Years: Month End) was reported at 0.390 % pa in Apr 2023.
• The cash rate (Policy Rate: Month End: Japan: Complementary Deposit Facility Interest Rate) was set at -0.100 % pa in May 2023.

A graphic that displays the dollar performance against other currencies reveals that economic developments had mixed results on currency exchanges. The third quarter of 2023 marked a period of disinflation in the euro area, while China's projected growth was projected to go up. The United States economy was said to have a relatively strong performance in Q3 2023, although growing capital market interest rate and the resumption of student loan repayments might dampen this growth at the end of 2023. A relatively weak Japanese yen Q3 2023 saw pressure from investors towards Japanese authorities on how they would respond to the situation surrounding the Japanese yen. The USD/JPY rate was close to ***, whereas analysts suspected it should be around ** given the country's purchase power parity. The main reason for this disparity is said to be the differences in central bank interest rates between the United States, the euro area, and Japan. Any future aggressive changes from, especially the U.S. Fed might lower those differences. Financial markets responded somewhat disappoint when Japan did not announce major plans to tackle the situation. Potential rent decreases in 2024 Central bank rates peak in 2023, although it is expected that some of these will decline in early 2024. That said, analysts expect overall policies will remain restrictive. For example, the Bank of England's interest rate remained unchanged at **** percent in Q3 2023. It is believed the United Kingdom's central bank will ease its interest rate in 2024 but less than either the U.S. Fed or the European Central Bank. This should be a positive development for the pound compared to either the euro or the dollar.

Japan's main stock market index, the JP225, rose to 40065 points on July 17, 2025, gaining 1.01% from the previous session. Over the past month, the index has climbed 3.03%, though it remains 0.15% lower than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from Japan. Japan Stock Market Index (JP225) - values, historical data, forecasts and news - updated on July of 2025.

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is forecast to increase by USD 582 billion, at a CAGR of 10.6% between 2024 and 2029.

The Foreign Exchange Market is segmented by type (reporting dealers, financial institutions, non-financial customers), trade finance instruments (currency swaps, outright forward and FX swaps, FX options), trading platforms (electronic trading, over-the-counter (OTC), mobile trading), and geography (North America: US, Canada; Europe: Germany, Switzerland, UK; Middle East and Africa: UAE; APAC: China, India, Japan; South America: Brazil; Rest of World). This segmentation reflects the market's global dynamics, driven by institutional trading, increasing digital adoption through electronic trading and mobile trading, and regional economic activities, with APAC markets like India and China showing significant growth alongside traditional hubs like the US and UK.
The market is experiencing significant shifts driven by the escalating trends of urbanization and digitalization. These forces are creating 24x7 trading opportunities, enabling greater accessibility and convenience for market participants. However, the market's dynamics are not without challenges. The uncertainty of future exchange rates poses a formidable obstacle for businesses and investors alike, necessitating robust risk management strategies. As urbanization continues to expand and digital technologies reshape the trading landscape, market players must adapt to remain competitive. One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. Companies seeking to capitalize on these opportunities must navigate the challenges effectively, ensuring they stay abreast of exchange rate fluctuations and implement agile strategies to mitigate risk.
The ability to adapt and respond to these market shifts will be crucial for success in the evolving market.

What will be the Size of the Foreign Exchange Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic and intricate realm of the market, entities such as algorithmic trading, order book, order management systems, and liquidity risk intertwine, shaping the ever-evolving market landscape. The market's continuous unfolding is characterized by the integration of various components, including sentiment analysis, Fibonacci retracement, mobile trading, and good-for-the-day orders. Market activities are influenced by factors like political stability, monetary policy, and market liquidity, which in turn impact economic growth and trade settlement. Technical analysis, with its focus on chart patterns and moving averages, plays a crucial role in informing trading decisions. The market's complexity is further amplified by the presence of entities like credit risk, counterparty risk, and operational risk.

Central bank intervention, order execution, clearing and settlement, and trade confirmation are essential components of the market's infrastructure, ensuring a seamless exchange of currencies. Geopolitical risk, currency correlation, and inflation rates contribute to currency volatility, necessitating hedging strategies and risk management. Market risk, interest rate differentials, and commodity currencies influence trading strategies, while cross-border payments and brokerage services facilitate international trade. The ongoing evolution of the market is marked by the emergence of advanced trading platforms, automated trading, and real-time data feeds, enabling traders to make informed decisions in an increasingly interconnected and complex global economy.

How is this Foreign Exchange Industry segmented?

The foreign exchange industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Reporting dealers
  Financial institutions
  Non-financial customers


Trade Finance Instruments

  Currency swaps
  Outright forward and FX swaps
  FX options


Trading Platforms

  Electronic Trading
  Over-the-Counter (OTC)
  Mobile Trading


Geography

  North America

    US
    Canada


  Europe

    Germany
    Switzerland
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period.

The market is a dynamic and complex ecosystem where various entities interplay to manage currency risks and facilitate international trade. Reporting dealers, as key participants,

One United States dollar was worth over ****** Indonesian rupiah in May 2024, the highest value in a comparison of over 50 different currencies worldwide. All countries and territories shown here are based on the Big Mac Index - a measurement of how much a single Big Mac is worth across different areas in the world. This exchange rate comparison reveals a strong position of the dollar in Asia and Latin America. Note, though, that several of the top currencies shown here do not rank among the most traded. The quarterly U.S. dollar exchange rate against the ten biggest forex currencies only contains the Korean won and the Japanese yen.

The DXY exchange rate fell to 98.4741 on July 18, 2025, down 0.18% from the previous session. Over the past month, the United States Dollar has weakened 0.44%, and is down by 5.65% over the last 12 months. United States Dollar - values, historical data, forecasts and news - updated on July of 2025.

The benchmark interest rate in Japan was last recorded at 0.50 percent. This dataset provides - Japan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The yen continued to weaken against the pound in July 2025, as investors questioned the country's economic plans and recent developments in the global market. This is a different situation than in, for example, September 2022, when the UK government announced its plans to roll out trickle-down economics in the country — financial measures that would mostly benefit the wealthier parts of UK society and that would eventually “spill over” to other parts of the country. Such measures had been introduced before in the United Kingdom during the 1980s - when GDP did increase overall. Nevertheless, many economists and investors believed the current plans were “risky” or “an experiment”, as the economy suffered from issues on the demand side.

The value of orders for the renovation of dwellings received by construction companies in Japan amounted to around 4.3 trillion Japanese yen in the fiscal year 2023. This represented a year-on-year increase of nine percent. The total value of orders for building renovation rose by 14.9 percent. Home renovation market in Japan Japan’s home renovation market, which included costs for refurbishments, facility repair and maintenance, and furniture and interior, reached 7.3 trillion yen in 2022 and was forecast to expand to 7.7 trillion yen by 2030. Home renovations only account for a small share of new home constructions in Japan, as consumers tend to prefer new homes over used ones. This is because housing policies of the past decades have encouraged the supply of new homes instead of focusing on utilizing the existing housing stock. However, the situation could change, as recently, new homes have become increasingly expensive due to soaring material prices and labor costs. Japan’s housing stock Due to the focus on new constructions, Japan has a massive stock of around 62 million housing units. Policies have emphasized quantity over quality, and many homes do not meet the current standards for insulation performance, which is a reason for consumers to avoid second-hand homes. Improving the quality of Japan’s housing stock could become a driver for growth in the renovation market, especially considering the government’s goal to achieve carbon neutrality by 2050. Next to repair and maintenance works, energy-saving measures, disaster prevention, and home modifications for the elderly were already the main purposes of home renovation orders in fiscal 2023.

The yield on Japan 10Y Bond Yield eased to 1.53% on July 18, 2025, marking a 0.03 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.12 points and is 0.49 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Japan 10 Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

The USD/CNY exchange rate fell to 7.1806 on July 18, 2025, down 0.04% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.08%, and is up by 1.42% over the last 12 months. Chinese Yuan - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Nominal Broad U.S. Dollar Index (DTWEXBGS) from 2006-01-02 to 2025-07-11 about trade-weighted, broad, exchange rate, currency, goods, services, rate, indexes, and USA.

In March 2024 Bitcoin BTC reached a new all-time high with prices exceeding 73000 USD marking a milestone for the cryptocurrency market This surge was due to the approval of Bitcoin exchange-traded funds ETFs in the United States allowing investors to access Bitcoin without directly holding it This development increased Bitcoin’s credibility and brought fresh demand from institutional investors echoing previous price surges in 2021 when Tesla announced its 15 billion investment in Bitcoin and Coinbase was listed on the Nasdaq By the end of 2022 Bitcoin prices dropped sharply to 15000 USD following the collapse of cryptocurrency exchange FTX and its bankruptcy which caused a loss of confidence in the market By August 2024 Bitcoin rebounded to approximately 64178 USD but remained volatile due to inflation and interest rate hikes Unlike fiat currency like the US dollar Bitcoin’s supply is finite with 21 million coins as its maximum supply By September 2024 over 92 percent of Bitcoin had been mined Bitcoin’s value is tied to its scarcity and its mining process is regulated through halving events which cut the reward for mining every four years making it harder and more energy-intensive to mine The next halving event in 2024 will reduce the reward to 3125 BTC from its current 625 BTC The final Bitcoin is expected to be mined around 2140 The energy required to mine Bitcoin has led to criticisms about its environmental impact with estimates in 2021 suggesting that one Bitcoin transaction used as much energy as Argentina Bitcoin’s future price is difficult to predict due to the influence of large holders known as whales who own about 92 percent of all Bitcoin These whales can cause dramatic market swings by making large trades and many retail investors still dominate the market While institutional interest has grown it remains a small fraction compared to retail Bitcoin is vulnerable to external factors like regulatory changes and economic crises leading some to believe it is in a speculative bubble However others argue that Bitcoin is still in its early stages of adoption and will grow further as more institutions and governments recognize its potential as a hedge against inflation and a store of value 2024 has also seen the rise of Bitcoin Layer 2 technologies like the Lightning Network which improve scalability by enabling faster and cheaper transactions These innovations are crucial for Bitcoin’s wider adoption especially for day-to-day use and cross-border remittances At the same time central bank digital currencies CBDCs are gaining traction as several governments including China and the European Union have accelerated the development of their own state-controlled digital currencies while Bitcoin remains decentralized offering financial sovereignty for those who prefer independence from government control The rise of CBDCs is expected to increase interest in Bitcoin as a hedge against these centralized currencies Bitcoin’s journey in 2024 highlights its growing institutional acceptance alongside its inherent market volatility While the approval of Bitcoin ETFs has significantly boosted interest the market remains sensitive to events like exchange collapses and regulatory decisions With the limited supply of Bitcoin and improvements in its transaction efficiency it is expected to remain a key player in the financial world for years to come Whether Bitcoin is currently in a speculative bubble or on a sustainable path to greater adoption will ultimately be revealed over time.

Brazil Autoparts Industry Performance: Total Sales: Value in Currency data was reported at 95,323,700,000.000 BRL in 2018. This records an increase from the previous number of 83,544,000,000.000 BRL for 2017. Brazil Autoparts Industry Performance: Total Sales: Value in Currency data is updated yearly, averaging 61,792,500,000.000 BRL from Dec 1993 (Median) to 2018, with 26 observations. The data reached an all-time high of 95,323,700,000.000 BRL in 2018 and a record low of 1,193,000,000.000 BRL in 1993. Brazil Autoparts Industry Performance: Total Sales: Value in Currency data remains active status in CEIC and is reported by Brazilian Autoparts Manufacturers Association. The data is categorized under Brazil Premium Database’s Automobile Sector – Table BR.RAT002: Autoparts Industry Performance. ABCD: Refers to the cities of Santo André, São Bernardo do Campo, São Caetano do Sul e Diadema respectively. Metropolitan Area of Sao Paulo: Refers to companies located in cities as Guarulhos, Osasco, Mauá and Mogi das Cruzes, but does not include São Paulo City. Interior of Sao Paulo: Refers to companies located in cities as Campinas, Limeira, Jundiaí, Sorocaba and São José dos Campos. Other States: Refers to companies located in the States of Rio de Janeiro, Minas Gerais, Rio Grande do Sul, Santa Catarina, Paraná, Bahia, Pernambuco, Ceará, Amazonas, Goiás and Espírito Santo.

Japan JP: Airport Infrastructure Investment data was reported at 216,900,000,000.000 JPY in 2023. This records an increase from the previous number of 208,000,000,000.000 JPY for 2022. Japan JP: Airport Infrastructure Investment data is updated yearly, averaging 249,600,000,000.000 JPY from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 372,100,000,000.000 JPY in 2006 and a record low of 139,400,000,000.000 JPY in 2012. Japan JP: Airport Infrastructure Investment data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.ITF: Transport Infrastructure, Investment and Maintenance: OECD Member: Annual. [STAT_CONC_DEF] Capital expenditure on new construction (including new airports) or extension of existing airports infrastructure, including reconstruction, renewal (major substitution work on the existing infrastructure which does not change its overall performance) and upgrades (major modification work improving the original performance or capacity of the infrastructure). Infrastructure includes land, airport facilities and associated equipment, office and storage buildings, air navigation systems as well as immovable fixtures, fittings and installations connected with them (signalisation, telecommunications, etc.). [COVERAGE] Data should include both government and private investment, unless otherwise specified.

The Japan office real estate market, valued at approximately ¥20 trillion (assuming a reasonable market size based on similar mature markets and given CAGR) in 2025, exhibits robust growth potential with a compound annual growth rate (CAGR) exceeding 4.00%. Key drivers include sustained economic growth, particularly in Tokyo and Kyoto, increasing demand from technology companies and financial institutions, and a limited supply of high-quality office spaces in prime locations. Emerging trends such as the adoption of flexible workspaces and a focus on sustainable building practices are reshaping the market landscape. However, challenges remain, including fluctuations in the global economy, potential interest rate hikes impacting investment, and the ongoing impact of remote work adoption on office demand. While the concentration of office space in Tokyo and Kyoto is significant, growth is expected in secondary cities driven by decentralization efforts and regional economic development initiatives. Leading players like Mitsui Fudosan, Mitsubishi Estate Co., and Sumitomo Realty & Development dominate the market, continuously adapting their strategies to meet evolving market needs. The forecast period of 2025-2033 indicates continued growth, albeit potentially at a moderated pace compared to the historical period (2019-2024). Factors such as government policies promoting urban regeneration and investments in infrastructure will likely influence the market trajectory. The segment analysis focusing on Tokyo, Kyoto, and the rest of Japan highlights the geographical disparities in growth potential and investment opportunities. The competitive landscape is characterized by established players and emerging companies, creating a dynamic environment for innovation and market share competition. Analyzing the historical data and current market conditions provides valuable insights for investors, developers, and businesses seeking opportunities within the Japanese office real estate sector. Further research into specific sub-segments and detailed financial performance data of key players would provide a more comprehensive understanding. Recent developments include: January, 2023: Buildings in the capital's Otemachi business district are becoming more green and lush, as developers resort to plants, trees, and even farms to attract office employees seeking more refreshing work surroundings. Mitsui & Co. and Mitsui Fudosan Co. are at the forefront of the movement, having created one of the largest green areas in the district. The 6,000-square-meter green zone replaces an open space next to Mitsui & Co.'s former headquarters., December 20, 2022: Tokyu Land Corporation, SolarDuck's partner, has been given the contract to realize the Tokyo Bay ESG Project by the Tokyo Metropolitan Government. This project aims to realize local energy generation and consumption in the Tokyo Bar Area via the use of cutting-edge, sustainable technology. Tokyu Land Corporation (the project owner), SolarDuck (offshore floating solar technology), and Everblue make up the partnership for the Tokyo Bay ESG Project., November 2022: Sumitomo Realty & Development of Japan will invest 500 billion yen (USD 3.58 billion) in office building projects in India, growing in what will soon become the world's most populous country. The corporation recently spent 35.1 billion yen acquiring around 12,000 square meters of property in the Bandra Kurla Complex, often known as BKC, a fast-rising commercial and residential sector of Mumbai. The location is one of BKC's major office development sites.. Notable trends are: Rise in Start-ups Driving the Market.