International Merchandise Trade Statistics: Exports: Commodities for Japan
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTEXVA01JPA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
705,982,800,000.00
Year-over-Year Change
-11.36%
Date Range
1/1/1957 - 1/1/2024
Summary
This economic trend tracks the annual, seasonally adjusted exchange rate for the U.S. dollar against the Japanese yen. It is a key indicator of relative currency strength and international trade dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The U.S. dollar to Japanese yen exchange rate is a widely followed measure of the dollar's performance versus a major global currency. Economists and policymakers use this data to assess the competitiveness of U.S. exports and the purchasing power of the dollar in international markets.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market transactions.
Historical Context
This exchange rate trend is closely watched for its implications on trade balances, inflation, and monetary policy.
Key Facts
- The U.S. dollar to Japanese yen exchange rate is quoted as the number of yen per U.S. dollar.
- The exchange rate reached a high of 147.66 yen per dollar in October 2022.
- Fluctuations in this rate impact the competitiveness of U.S. exports to Japan.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the annual, seasonally adjusted exchange rate between the U.S. dollar and the Japanese yen. It represents the value of the U.S. dollar relative to the Japanese currency.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar to yen exchange rate is a key indicator of the dollar's performance versus a major global currency. It has important implications for trade, inflation, and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market transactions.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this exchange rate trend to assess the competitiveness of U.S. exports, the purchasing power of the dollar, and broader trade dynamics.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted data is published by the Federal Reserve with a short lag, providing timely insight into exchange rate trends.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTEXVA01JPA667S), retrieved from FRED.