The Japanese Yen added 0.106 points or 0.1% to 105.283 against the US Dollar on Friday. Investors moved away from the US dollar index as hopes for further US stimulus measures offset some concerns about the health of the global economy. Federal Reserve Chair Jerome Powell also warned Tuesday that there is still a risk of deceleration in U.S. economic activity without additional fiscal stimulus from Congress. Meantime, the Health Ministry noted Japan could face a resurgence of coronavirus infections as the pace of decline in the number of new infections has been slowing recently, with some regions marking a rebound.
Historically, the Japanese Yen reached an all time high of 358.44 in January of 1971. Japanese Yen - data, forecasts, historical chart - was last updated on September of 2020.
The Japanese Yen is expected to trade at 106.01 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 107.35 in 12 months time.