Exchange Rate Calculator

The exchange rate between the Indian Rupee (INR) and the Japanese Yen (JPY) has experienced notable fluctuations over the past few months. This report provides an analysis of the recent trends, technical indicators, and future projections for the INR/JPY currency pair.

Recent Exchange Rate Trends

As of March 20, 2025, the INR/JPY exchange rate stood at 1.7208, reflecting a slight decrease of 0.08% from the previous day. Over the preceding month, the exchange rate exhibited a range between 1.6776 and 1.7432, indicating moderate volatility.

Technical Analysis

On February 28, 2025, technical indicators suggested a strong buy signal for the INR/JPY pair. The Relative Strength Index (RSI) was at 57.365, indicating bullish momentum. Other indicators, such as the Stochastic Oscillator and the Moving Average Convergence Divergence (MACD), also supported a buying trend. Moving averages further reinforced this outlook, with short-term averages (MA5 to MA100) signaling a buy, while the MA200 indicated a sell.

Forecasts and Projections

Short-term forecasts predict a gradual appreciation of the Indian Rupee against the Japanese Yen. In one month, the INR/JPY exchange rate is expected to rise to 1.772, representing a 3.65% increase from the current rate. Medium-term projections for the next four months anticipate the rate reaching 1.744, a 2.01% increase. Long-term forecasts for the next year estimate an average rate of 1.6915, with a range between 1.6746 and 1.7084.

Conclusion

The INR/JPY exchange rate has shown moderate volatility in recent months, with technical indicators and forecasts suggesting a potential appreciation of the Indian Rupee against the Japanese Yen in the short to medium term. Investors and traders should monitor these trends closely, considering both technical signals and economic developments in India and Japan.