Where is yen going

Whether you're sending money overseas or buying travel money in Japan , the amount you get really depends on what your home currency is doing. Meanwhile, Australian residents may benefit from a more favourable exchange rate against the Yen. The Japanese Economy has expanded since , but the recent coronavirus pandemic has created uncertainty and weighed on economic growth.

Local businesses are unsure whether the government stimulus will be long-lasting - especially now that the Japanese Prime Minister Shinzo Abe has resigned. Greater uncertainty could pressure the Yen. Japanese politics has a big influence on the Yen.

The Yen goes up when the elected government implements policies help improve the economy. The continuation of similar economic policies as last year, which appear to be working, will mean the Yen will likely go up. Authorities are also likely to implement policies to help manage any sudden fluctuations in the foreign exchange rate. Sign in. Accessibility help Skip to navigation Skip to content Skip to footer.

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DATA Download historical data for 20 million indicators using your browser. Already a user? Summary Forecast Stats Download Alerts. The Japanese yen depreciated past Meanwhile, wholesale inflation in Japan hit a four-decade high in October due to rising commodity prices and supply bottlenecks, government data showed on Thursday. However, Bank of Japan policymakers said that while acknowledging inflationary pressures were rising due to higher energy prices, they believed that it was moderate and that monetary easing should be maintained.

Historically, the Japanese Yen reached an all time high of Japanese Yen - data, forecasts, historical chart - was last updated on November of The Japanese Yen is expected to trade at Looking forward, we estimate it to trade at Trading Economics members can view, download and compare data from nearly countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

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