Japanese yen against the US dollar
How far has the yen moved, and when did it last sit here?
Very high 88.02th percentile of the last five years
The number is yen per dollar, so a high reading means a weak yen. A weak yen makes Japanese exports cheaper and makes the yen attractive to borrow against — the carry trade whose unwinding has repeatedly moved global markets.
Reading for — 1 days ago.
Data last updated . Checked four times daily.
Japanese yen against the US dollar since 1971
JPY per USD. 13992 observations. Record high 358.44 on 13 January 1971.
Reading the bands
Each band is a percentile rank against this series' own trailing five years, computed using only data available at the time. A reading of 88.02 means the value has been lower than this on 88.02% of days in that window. The bands describe position, not direction — see above for what a high reading means here.
What each band means five bands, by percentile
| Band | Percentile | Meaning |
|---|---|---|
| Very high | 80–100 | Higher than it has been on four days in five over the past five years. |
| High | 60–80 | Above its own recent range, though not at an extreme. |
| Typical | 40–60 | Around the middle of its own five-year range. |
| Low | 20–40 | Below its own recent range. |
| Very low | 0–20 | Lower than it has been on four days in five over the past five years. |
Year by year
Year by year average, high and low for the last 15 years
| Year | Average | High | Low |
|---|---|---|---|
| 2026 | 158.47 | 163.86 | 152.64 |
| 2025 | 149.57 | 158.31 | 140.81 |
| 2024 | 151.46 | 161.73 | 140.66 |
| 2023 | 140.5 | 151.56 | 127.85 |
| 2022 | 131.46 | 149.82 | 113.72 |
| 2021 | 109.84 | 115.34 | 102.7 |
| 2020 | 106.78 | 111.86 | 102.52 |
| 2019 | 109.02 | 112 | 105.3 |
| 2018 | 110.4 | 114.19 | 104.83 |
| 2017 | 112.1 | 117.68 | 107.72 |
| 2016 | 108.66 | 121.06 | 100.07 |
| 2015 | 121.05 | 125.58 | 116.78 |
| 2014 | 105.74 | 121.38 | 101.11 |
| 2013 | 97.6 | 105.25 | 86.92 |
| 2012 | 79.82 | 86.64 | 76.11 |
Full history from January 1971 in the CSV.
Sources · every one re-fetchable
The CSV link is the exact endpoint the pipeline calls, so any reading ever published here can be reproduced.
Sources publisher, series and fetch link
| Series | Publisher | Role | Observed | Fetch |
|---|---|---|---|---|
| Japanese yen against the US dollar DEXJPUS · JPY per USD | Federal Reserve Board via FRED; latest from the ECB | history | CSV | |
| ECB euro reference rates — JPY cross via USD ECB-EXR-JPY-per_usd · JPY per USD | European Central Bank | observations after the history's last date | CSV |
The headline figure comes from the ECB's daily reference rates, which publish about a day behind. Everything before it comes from FRED, which runs roughly four days behind. Both are named above and both can be re-fetched.
Why this one matters beyond Japan
The yen is the world’s cheapest major funding currency, so it is borrowed to buy assets elsewhere. When it weakens steadily, that trade is profitable and quiet. When it reverses sharply, positions unwind across markets that have nothing to do with Japan — which is why a currency pair gets attention far outside its own economy.
Two sources, and why
History from the Federal Reserve’s daily series through FRED, roughly four days behind. The latest observation from the European Central Bank’s daily reference rates, about a day behind, taken as a cross through the euro. Both are named in the sources table below with links to the raw data.
What the percentile does and does not say
It ranks today against the trailing five years using only data available at the time. It says nothing about whether the level is justified, and nothing about what happens next. A currency can hold an extreme reading for a very long time.
The economy behind it
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