Exchange Rate Calculator

The exchange rate between the Japanese Yen (JPY) and the South African Rand (ZAR) has exhibited notable fluctuations over the past few months. As of July 3, 2025, the JPY/ZAR rate stands at approximately 0.1230, indicating that one Japanese Yen is equivalent to 0.1230 South African Rand. (poundsterlinglive.com) This report delves into the recent trends, technical analysis, and future projections of the JPY/ZAR exchange rate.

Recent Trends

Over the past six months, the JPY/ZAR exchange rate has experienced a general upward trend. Starting from a low of 0.1177 on January 6, 2025, the rate increased by approximately 4.42% to reach 0.1230 by July 3, 2025. (exchangerates.org.uk) This upward movement suggests a strengthening of the Japanese Yen relative to the South African Rand during this period.

Technical Analysis

As of July 2, 2025, the JPY/ZAR exchange rate is trading near its 8-day and 21-day Exponential Moving Averages (EMAs). However, it remains below the 50-day EMA by 0.95% and the 100-day EMA by 1.27%. The 8-day EMA is sloping downward, indicating bearish momentum. Notably, a bearish crossover between the 50-day and 100-day EMAs occurred on June 11, 2025. Despite this, the Moving Average Convergence Divergence (MACD) line is above its signal line, suggesting positive momentum and confirming an uptrend. (exchangerates.org.uk)

Future Projections

Forecasts for the JPY/ZAR exchange rate indicate a continued upward trajectory. Projections suggest the rate will reach 0.1356 by September 2025, 0.1357 by December 2025, and 0.1359 by March 2026. (exchangerates.org.uk) These forecasts imply a steady appreciation of the Japanese Yen against the South African Rand over the next nine months.

Factors Influencing the Exchange Rate

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

• Economic Indicators: Differences in GDP growth, inflation rates, and interest rates between Japan and South Africa can impact the exchange rate.

• Geopolitical Events: Political stability, trade agreements, and international relations influence investor confidence and currency valuations.

• Central Bank Policies: Decisions by the Bank of Japan and the South African Reserve Bank regarding monetary policy, such as interest rate adjustments, can affect the exchange rate.

Conclusion

The JPY/ZAR exchange rate has shown an upward trend over the past six months, with technical indicators and future projections suggesting continued appreciation of the Japanese Yen against the South African Rand. Investors and traders should monitor economic indicators, geopolitical developments, and central bank policies in both countries, as these factors will continue to influence the exchange rate dynamics.