Today's JPY to PHP Price Update

Summary

This report provides the real-time exchange rate between the Japanese Yen (JPY) and Philippine Peso (PHP), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Japanese Yen (JPY) is a major global fiat currency and safe-haven asset, while the Philippine Peso (PHP) is the primary currency of the Philippines. The exchange rate between them reflects market sentiment toward both economies and capital flow dynamics in the Asian currency markets.

Today’s Price

• 1 JPY = 0.378 PHP
• 24h High: 0.38061 PHP
• 24h Low: 0.37844 PHP

Market Analysis

The JPY/PHP pair is currently trading near recent lows, with technical indicators suggesting weakness in the Japanese Yen relative to the Philippine Peso.

• Technical levels: The 14-day RSI for JPY/PHP stands at 37.660, indicating an oversold condition with a Sell signal. The current rate is trading below the 50-day Simple Moving Average (SMA) at 0.3807 PHP, suggesting downward pressure.
• Short-term forecast: Market predictions indicate the JPY/PHP exchange rate may decline further to 0.3784 PHP in the next 24 hours, with potential weakness extending to 0.3776 PHP over the next 7 days.
• Risk note: The pair’s proximity to the 52-week low of 0.3772 PHP warrants caution, as oversold conditions may trigger technical rebounds or consolidation.
• Trading opportunities: Watch for potential support near 0.3770–0.3780 PHP for contrarian plays, or monitor for breaks below key support levels that could signal continued weakness.

Conclusion

Continue to monitor the JPY/PHP pair closely, integrating technical indicators with broader Asian currency market trends. The current oversold conditions and downward forecast suggest a cautious stance, with traders advised to wait for clearer directional signals before establishing new positions.