The USD/JPY exchange rate rose to 147.3970 on July 11, 2025, up 0.77% from the previous session. Over the past month, the Japanese Yen has weakened 2.73%, but it's up by 6.63% over the last 12 months. Japanese Yen - values, historical data, forecasts and news - updated on July of 2025.

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

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 14 of 2025.

The amount of Japanese yen that could be bought with USD kept increasing since September 2020. As of June 27, 2025, the exchange rate reached approximately 144.37 Japanese yen. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different from an annual measure at a point, which reflects concrete values as of the 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.

CEIC extends history for monthly average Exchange Rate against USD. Federal Reserve Board provides average Exchange Rate against USD. Exchange Rate against USD prior to January 1971 is sourced from the International Monetary Fund.


Key information about Japan Exchange Rate against USD

• 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.

Key information about Japan Long Term Interest Rate

• Japan Bonds Yield: Government Bonds: Newly Issued: 10 Years: Month End was reported at 1.37 % pa in Feb 2025, compared with 1.24 % pa in the previous month.
• Japan Long Term Interest Rate data is updated monthly, available from Dec 1998 to Feb 2025.
• The data reached an all-time high of 2.10 % pa in Jan 1999 and a record low of -0.28 % pa in Aug 2019.
• Long Term Interest Rate is reported by reported by Bank of Japan.

Data refers to yield of newly issued 10-year Japanese Government Bond yield. Yield figures before November 2014 are rates on the latest transaction. Yield figures from November 2014 onwards are rates based on JGB closing prices.


Related information about Japan Long Term Interest Rate

• In the latest reports, Japan Short Term Interest Rate: Month End: TIBOR: Japanese Yen: 3 Months was reported at 0.79 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Japan: Complementary Deposit Facility Interest Rate) was set at -0.10 % pa in Jun 2023.
• Japan Exchange Rate against USD averaged 141.36 (USD/JPY) in Jun 2023.

The value of the software market in Japan amounted to about 4.68 trillion Japanese yen in fiscal year 2023. The market encompasses application development and deployment, applications, and system infrastructure software. It was expected to reach a size of 7.33 trillion yen by 2028. The Japanese software industry Despite its size, the Japanese software industry has been perceived as lacking in competitiveness compared to its counterparts in other countries. Partly due to the high prestige of the domestic hardware and manufacturing industries, Japanese companies were comparatively slow to recognize the potential of software with regard to value-creation. Tasks related to software were often outsourced to other companies or handled by subsidiaries, which encouraged customization and hampered the development of widely applicable software products. At the same time, the Japanese software industry is highly regarded when it comes to embedded software, which is used, for instance, in vehicles and consumer electronics. One additional area of strength is gaming software, which is also related to hardware and manufacturing insofar as Japan is home to Nintendo and Sony, two of the world’s leading gaming console manufacturers. Both console gaming and mobile gaming are very popular pastimes in Japan and Japanese companies have repeatedly acted as innovators in the global video game industry. IT-related government policies The software industry is closely connected to the IT industry, which in addition to software also covers hardware and services. Japan’s IT industry has come into increasing focus in the past decade, as the government has emphasized the importance of technological innovations for economic growth as well as for coping with various challenges currently faced by Japanese society, such as demographic ageing and rural depopulation. In 2013, the position of Chief Information Officer (CIO) was newly created in order to control and improve the cabinet’s policies with regard to the IT industry. During the same year, the Strategic Headquarters for the Promotion of an Advanced Information and Telecommunications Network Society published the “Declaration to be the World’s Most Advanced IT Nation,” which set an ambitious plan that explicitly acknowledges IT and data as being key factors for global success. In 2016, the Council for Science, Technology and Innovation (CSTI), which consists of the prime minister, cabinet members, and various experts, introduced the concept of “Society 5.0,” which describes the vision of an increasingly interconnected society. All these developments point toward the growing importance of the IT industry, which is also reflected by the private investment volume in the IT market in Japan.

The trade-weighted index (TWI), also known as the real broad index, measures the strength of the US dollar relative to the currencies of the nation's trading partners. Weightings are determined by the share of trade with each country, with the five largest allocated to the Euro, Canadian dollar, Chinese yuan, Japanese yen and Mexican peso. These five currencies account for over two-thirds of the TWI. The data for this report is price adjusted (i.e. real) and sourced from the Economic Research Division of the Federal Reserve. Figures are based to an index value of 100 at January 2006.

The US dollar index of February 2025 was higher than it was in 2024, although below the peak in late 2022. This reveals itself in a historical graphic on the past 50 years, measuring the relative strength of the U.S. dollar. This metric is different from other FX graphics that compare the U.S. dollar against other currencies. The history of the DXY Index The index shown here – often referred to with the code DXY, or USDX – measures the value of the U.S. dollar compared to a basket of six other foreign currencies. This basket includes the euro, the Swiss franc, the Japanese yen, the Canadian dollar, the British pound, and the Swedish króna. The index was created in 1973, after the arrival of the petrodollar and the dissolution of the Bretton Woods Agreement. Today, most of these currencies remain connected to the United States' largest trade partners. The relevance of the DXY Index The index focuses on trade and the strength of the U.S. dollar against specific currencies. It less on inflation or devaluation, which is measured in alternative metrics like the Big Mac Index. Indeed, as the methodology behind the DXY Index has only been updated once – when the euro arrived in 1999 – some argue this composition is not accurate to the current state of the world. The price development of the U.S. dollar affects many things, including commodity prices in general.

The U.S. dollar was the most common currency in foreign exchange reserves in 2023, comprising more than three times the amount of the euro in global reserves that year. This total peaked in 2015, partly due to the strength of the dollar during the Eurozone crisis. The share of the U.S. dollar has lost since to the Japanese yen and euro, as well as other currencies. Why do foreign exchange reserves matter? When countries with different currencies export goods, they must agree on a currency for payment. As a result, countries hold currency reserves worth trillions of U.S. dollars. After World War II, the U.S. dollar itself became the international currency in the Bretton Woods Agreement and is thus the most common currency for international payments. The United States Treasury is also seen by most as risk-free, giving the country a low-risk premium. For this reason, countries hold U.S. dollars in reserve because the currency holds value relatively well eventually. China and currency reserves Since 2016, the International Monetary Fund has included the Chinese renminbi (yuan) as part of the Special Drawing Rights (SDR) basket. This decision recognized the influence of the renminbi as a reserve currency, particularly in several Asian countries. China also holds significant foreign exchange reserves itself, funded by its large positive trade balance.

The dataset contains fiscal year and all India wise annual average and year end exchange rate of Indian rupee with SDR, US Dollar, Pound Sterling, Deutsche Mark/Euro and Japanese Yen

Notes : 1) The data on exchange rate for Japanese Yen is in Rupees per 100 Yen. 2) The end year rate for 1998-99 pertain to March 26, 1999 of Deutsche Mark rate. 3) Data from 1971 to 1991-92 are based on official exchange rates. 4) Data from 1992-93 onwards are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates. 5) Data from 1971 to 1972-73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar. 6) Data are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates till April 2012. RBI reference rates are used w.e. f. May 2012 7) The Euro replaced the Deutsche Mark w.e.f. January 1, 1999. 8) Financial Benchmarks India Private Limited (FBIL) commenced dissemination of reference rates w.e.f July 10, 2018

In the fiscal year 2022, investments in public roads for construction and maintenance amounted to approximately **** trillion Japanese yen, up from **** trillion yen in the previous fiscal year. Construction expenditures exceeded maintenance expenses in that year. According to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), the Ministry’s yearly expenditures on public infrastructure will increase by roughly 40 percent until around fiscal 2044 compared to 2018 to counter infrastructure deterioration.
What causes infrastructure deterioration? The most relevant factors causing distress for materials used in road construction, e.g., asphalt, concrete, steel, are the building quality, temperature and humidity, load, as well as accidents and other damages. Each of those stress factors is relevant for Japan.Inspections have shown that rapidly built structures are prone to damage in particular. Furthermore, as Japan has pronounced seasonal weather, the fluctuation of temperature and humidity may have a stronger effect. Moreover, water and other chemical substances in the environment trigger corrosion of steel, often affecting the soundness of bridges, for example. Even if structures are well-built and structurally sound, the load takes its toll on the integrity over time. The term fatigue refers to structural damage caused by a cyclical load that is well below static strength. In other words, even if roads are designed for a certain number of vehicles of a certain weight, they will eventually wear out. For this reason, Japan declared some roads as essential logistical roads (which include all arterial roads), where trailers are allowed to transport ** ft international marine shipping containers (up to ** tons) without a permit for special vehicles otherwise required.Finally, accidents and other damages may impair the functionality of the infrastructure. These hazards are noteworthy for a country like Japan, where earthquakes, tsunamis, and landslides happen from time to time. Although proactive design can mitigate natural disasters, their hardly predictable forces usually have an impact to some degree. Naturally, the age of the structure exacerbates these stress factors. Japan: The country of rapidly aging infrastructure Maintaining an integral part of Japan’s road infrastructure will become a challenge. The Japanese road infrastructure has experienced a fast expansion since the 1950s, paralleling the economy’s rapid-growth period (and partly fueling it). By March 2033, 63 percent of road bridges and 42 percent of tunnels are expected to be 50 years old or more. Cyclical road maintenance inspections hint at the possible extent of infrastructure deterioration if no countermeasures are taken.To judge the maintenance level of public roads, the government moreover calculates a maintenance rate. It takes not only into consideration the structural qualities required by legal standards but also the actual degree of congestion. The public sector aims to mitigate congestion, since it costs time and fatigues the road (and the people). The road sections with the highest congestion in Japan are typically those on urban expressways of Tokyo and Osaka.Against the backdrop of infrastructure deterioration, the Japanese population is aging rapidly and shrinking. While the economy and life expectancy have continued to grow since the 1950s, birth rates have sharply fallen since then, resulting in the current-day demographic. This demographic structure will impact rural depopulating areas in particular, where there is a shortage of civil engineers already today.

Japan recorded a trade deficit of 637.61 JPY Billion in May of 2025. This dataset provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.