Current Forecast of Japanese Yen to US Dollar
Units: JPY per USD, Average of Month. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for Japanese Yen to US Dollar
How This Forecast is Produced
The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.
The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components. The decomposed components of the time series are then projected forward in time.
The Japanese Yen
The Japanese Yen, or JPY, is the official currency of Japan and is the third most traded currency in the foreign exchange market . The yen is also a widely used reserve currency.