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.

The USD/JPY exchange rate fell to 146.5600 on July 23, 2025, down 0.14% from the previous session. Over the past month, the Japanese Yen has weakened 1.12%, but it's up by 4.78% over the last 12 months. Japanese Yen - values, historical data, forecasts and news - updated on July of 2025.

The amount of Japanese yen that could be bought with USD kept increasing since September 2020. As of July 22, 2025, the exchange rate reached approximately 147.41 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.

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 22 of 2025.

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 USD/CNY exchange rate fell to 7.1472 on July 24, 2025, down 0.05% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.28%, and is up by 1.28% over the last 12 months. Chinese Yuan - values, historical data, forecasts and news - updated on July of 2025.

The euro and U.S. dollar made up more than ***** of 10 SWIFT payments worldwide in 2025, outperforming many other currencies. This is according to a monthly report meant to track the market share of China's yuan renminbi within the international bank transfer system SWIFT. Although China holds the largest forex reserves in the world, the yuan ranked as the ******-used currency in international payments. The figures concern customer-initiated and institutional payments and exclude trade. Discussions on the potential weakening role of the U.S. dollar especially touch world trade and forex. For example, the share of the USD in forex reserves declined visibly against the euro and Japanese yen in 2024. What sparked this de-dollarization trend, and will it continue? Trade sanctions and de-dollarization De-dollarization in 2024 is mentioned mostly alongside trade and the BRICS countries - an informal name given to Brazil, Russia, India, China, and South Africa. The combined GDP of BRICS is about ** percent of the world's economy. After the start of the Ukraine war and Russia received economic sanctions, the BRICS slowly evolved into a trading bloc. The group increasingly wanted its own currency to settle payments within the trade bloc, to avoid using the U.S. dollar. In August 2024, BRICS will gather in South Africa to discuss the creation of such a new joint currency. Additionally, ** countries - including Argentina, Algeria, Egypt, Saudi Arabia, Turkey, and Yemen - expressed interest in joining the BRICS group. CBDC, or projects into a digital payment settlement A factor of future uncertainty for the U.S. dollar is how central bank digital currencies (CBDC) develop in emerging countries. Several projects exist between individual countries that specifically target cross-border interbank payments. A cooperation between Thailand and Hong Kong, Inthanon-Lionrock, ranks as the most advanced of these projects. CBDC does not require the U.S. dollar to function. Tangible such as commodities or gold can back them. The value of transactions processed with CBDC is to grow by ******* percent between 2024 and 2030.

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 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 Toyota Motor Corporation’s net revenue rose by some *** percent year-on-year and grew to just under ***** trillion Japanese yen in the fiscal year ended March 2025. The fiscal year-end of the company is March, 31st. Recovering from the semiconductor shortage Toyota's net revenue has fully recovered from the dip recorded in its 2020 and 2021 fiscal years, which was due to the COVID-19 pandemic. The company's revenue were at their highest across the recorded period between April 2024 and March 2025. However, Toyota Motor Corporation's operating income and operating margin had both gone down. This was partly due to fluctuating production plans due to tight semiconductor supplies and rising raw material prices. By 2023, the company had recovered from the financial impact of these crises, and 2024 was the best year on record for the company's operating income. While profits dropped in 2024, they remained above their pre-pandemic levels.  Hopes for an American recovery Toyota's motor vehicle sales amounted to over **** million units between January and December 2024, growing slightly compared with the previous year. Japan and North America are Toyota's largest regional markets. In 2020, North America was severely affected by the coronavirus outbreak in the United States, the largest market in North America. U.S. vehicle sales fell to around **** million units in 2020. By 2024, the U.S. market had recovered from the crises, and Toyota also recorded an uptick in its North American sales compared to pre-pandemic levels, despite the drop recorded from its 2024 to its 2025 financial year. The Japanese brand faces stiff competition from national brands such as General Motors and Tesla.

The gross domestic product (GDP) in current prices in Japan was about 4.03 trillion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 2.90 trillion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 960 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The composition of official foreign exchange reserves grew by ***** percent between 2022 and 2023, after a sizable decline in 2022. Forex reserves refer to foreign-currency deposits held by monetary authorities and governments. Most of these reserves are made up of the U.S. dollar, although the euro and the Japanese yen did gain more prominence recently. In 2023, global currency reserves amounted to over **** trillion U.S. dollars.