1 JPY to USD - Convert Japanese Yen to US Dollar

Looking at the 30-day window, the JPY/USD pair traded in a range of 0.006100 to 0.006500. The monthly average was 0.006241 with 1.71% volatility. The relatively low volatility indicates stable trading conditions for the JPY/USD currency pair.

The current mid-market exchange rate is 1 JPY = 0.006253 USD, updated as of June 4, 2026, 9:02 PM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Japanese Yen to US Dollar Exchange Rate

JPY/USD shows how many dollars one yen can buy, which at current rates is less than one cent. This perspective is relevant for Japanese investors with US assets, exporters pricing goods for the American market, and tourists heading to the US from Japan.

Japan's $1.3 Trillion in US Treasuries

Japan is the largest foreign holder of US government debt, with over $1.3 trillion in Treasury bonds and notes. When these investments generate returns or are sold, the proceeds need to be converted back to yen. This massive stock of dollar assets means that shifts in Japanese investment strategy can move the JPY/USD rate in ways that few other countries can match. When Japanese institutions repatriate capital, it creates significant yen buying pressure.

What Drives the JPY/USD Rate

Bank of Japan policy, the yield gap between US and Japanese bonds, global risk appetite, and trade data are the primary drivers. BOJ intervention is a real factor. The ministry of finance has a history of selling dollars to support the yen during rapid weakness.

What a Conversion Really Costs

JPY/USD is one of the most liquid pairs globally, so spreads are tight. Banks charge 0.5-2%. In the US, Japanese yen is easy to obtain through any major bank or currency exchange.

How to Get the Best JPY to USD Rate

Compare against the mid-market rate on this page. For Japanese travelers to the US, ATM withdrawals with a no-fee international card typically offer better rates than cash exchange.