Exchange Rate Calculator

The exchange rate between the Japanese Yen (JPY) and the Swedish Krona (SEK) has exhibited notable fluctuations over the past several months. This report provides an analysis of the recent trends, technical indicators, and forecasts to offer a comprehensive understanding of the JPY/SEK currency pair.

Recent Exchange Rate Trends

Over the six-month period from September 2024 to March 2025, the JPY/SEK exchange rate has experienced significant volatility. The highest recorded rate was 0.07353 SEK per JPY on December 3, 2024, while the lowest was 0.06728 SEK per JPY on March 18, 2025. The average exchange rate during this period was approximately 0.07061 SEK per JPY. This indicates a depreciation of the Japanese Yen against the Swedish Krona by about 5.57% over these six months.

Technical Analysis

As of December 6, 2024, technical indicators provided a mixed outlook for the JPY/SEK pair. The Relative Strength Index (RSI) stood at 47.706, suggesting a neutral market sentiment. The Stochastic Oscillator indicated a buy signal at 60.195, while the Moving Average Convergence Divergence (MACD) signaled a sell. Moving averages were evenly split, with six buy and six sell signals, leading to an overall neutral stance.

Forecasts and Market Sentiment

Forecasts for the JPY/SEK exchange rate suggest a bearish trend in the near term. Predictions indicate a decrease of approximately 7.82% over the next month, with the rate potentially dropping from the current 0.068165 SEK per JPY to 0.062834 SEK per JPY. The market sentiment is predominantly bearish, with 85% of technical indicators signaling a downward trend.

Factors Influencing the Exchange Rate

Several factors contribute to the fluctuations in the JPY/SEK exchange rate:

• Economic Indicators: Differences in GDP growth, inflation rates, and interest rates between Japan and Sweden can impact the exchange rate. For instance, if Sweden's economy grows faster than Japan's, the SEK may strengthen against the JPY.

• Monetary Policies: Decisions by the Bank of Japan and the Riksbank regarding interest rates and monetary policies influence investor confidence and currency valuations.

• Global Economic Events: Trade agreements, geopolitical tensions, and global economic crises can lead to shifts in currency demand and supply, affecting exchange rates.

Conclusion

The JPY/SEK exchange rate has shown considerable volatility in recent months, with technical indicators and forecasts pointing towards a potential depreciation of the Japanese Yen against the Swedish Krona in the near term. Investors and businesses engaged in transactions involving these currencies should closely monitor economic indicators and central bank policies in both countries to make informed decisions.