Japanese Yen exchange rate today
The yen is quoted in the hundreds or thousands per unit of most currencies, which is why rate tables usually show it per 100 yen. It is the funding currency for the carry trade — decades of near-zero Japanese interest rates made borrowing yen cheap — so it tends to strengthen sharply whenever that trade unwinds.
JPY against other currencies
How much of each currency one JPY buys, and how that has changed over the past year.
| Currency | Per 1 JPY | Inverse | Year |
|---|---|---|---|
| EUREuro | 0.005580 | 179.20 | −3.24% |
| USDUS Dollar | 0.006481 | 154.30 | −4.18% |
| GBPPound Sterling | 0.004785 | 209.00 | −4.30% |
| CHFSwiss Franc | 0.005259 | 190.13 | −2.24% |
| CNYChinese Yuan | 0.043491 | 22.9932 | −9.82% |
| AUDAustralian Dollar | 0.008983 | 111.32 | −12.49% |
| CADCanadian Dollar | 0.008947 | 111.77 | −4.18% |
| SEKSwedish Krona | 0.062232 | 16.0689 | −1.91% |
| PLNPolish Zloty | 0.024095 | 41.5026 | −1.69% |
JPY against EUR — one year
- 52-week high
- 0.005802 EUR
- 09/09/2025
- 52-week low
- 0.005327 EUR
- 17/04/2026
- Change over a year
- −3.24%
- against EUR
Frequently asked questions
Because one yen is a small amount, many national rate lists quote it per 100 units to avoid a string of decimals. The ECB does not: it publishes how many yen one euro buys, a number in the region of a hundred and sixty. Read the unit before comparing two sources, since a factor of 100 is the most common misreading of a yen quote.
For most of two decades Japanese policy rates sat at or below zero while other countries paid more, so investors borrowed yen cheaply and bought higher-yielding assets elsewhere. That steady selling weighed on the currency. The trade unwinds violently when risk appetite drops, because closing a position means buying yen back — which is why the yen tends to spike upward in a market panic.
Yes. In March 2024 it raised its policy rate above zero for the first time since 2016 and ended the yield curve control programme that had capped ten-year government bond yields. The yen did not strengthen immediately, because the gap with US and euro area rates stayed wide — a reminder that the size of the differential matters more than the direction of a single move.
More than most pairs on this site. The 52-week high and low under the chart usually sit a long way apart, and Japan’s Ministry of Finance has intervened directly in the market in recent years to slow the currency’s decline. Because the ECB takes one fix a day, such interventions show up in this series as sharp single-day moves rather than as intraday spikes.