US Dollar to Japanese Yen — USD to JPY
USD to JPY Converter
USD/JPY Rate — Last 21 Days
Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 157.5863 | 156.3108 | 156.8193 |
| 30 days | 160.0845 | 156.3108 | 158.0743 |
Get notified when rate changes
Set a target rate — we email you when USD/JPY hits it. Checked every 15 minutes.
What drives the USD/JPY rate?
USD/JPY is strongly influenced by the interest rate differential between the US Federal Reserve and the Bank of Japan. Japan has historically maintained very low or negative interest rates, making JPY a popular funding currency in carry trades. Risk sentiment globally also moves this pair — JPY tends to strengthen during global uncertainty as investors seek safety.
How to get the best USD to JPY rate
The rate shown above is the interbank mid-market rate — the real exchange rate used between financial institutions. Individual customers cannot access this rate directly. Banks typically add a 2–3% spread on top, meaning you receive significantly less than the rate shown.
Online transfer services like Wise offer rates very close to the interbank rate with a small transparent fee of 0.5–1%. On a $1,000 USD exchange this typically saves $15–25 compared to a bank. Airport exchange booths charge the highest fees — often 5–8% above the interbank rate — and should be avoided for large amounts.