Today's THB to JPY Price Update

Summary

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

Definition

The Thai Baht (THB) is the official currency of Thailand, while the Japanese Yen (JPY) is one of the world’s major reserve currencies. The exchange rate between them reflects market sentiment toward both Southeast Asian and Japanese economic conditions, as well as relative currency strength in the region.

Today’s Price

• 1 THB = 5.02 JPY
• 24h High: 5.0454 JPY
• 24h Low: 5.0101 JPY
• Current Rate: 5.0437 JPY

Market Analysis

The THB/JPY pair is currently trading near the middle of its daily range, with modest volatility observed over the past 24 hours.

• Technical levels: Daily support at 4.74 JPY, daily resistance at 4.77 JPY. Short-term support and resistance levels are positioned at 4.77 JPY and 4.71 JPY respectively. The Fibonacci pivot point performance value for THB/JPY stands at 5.0140 JPY
• Price forecast: The THB to JPY exchange rate is forecasted to increase by 3.03% in the next month, potentially rising to 5.17 JPY
• Trading opportunities: Monitor price action around the current pivot levels and watch for potential breakouts above 5.05 JPY

Conclusion

Continue to monitor the THB/JPY pair closely, integrating technical support and resistance levels with broader market trends. Traders should remain alert to potential upside movement in the coming month while respecting key technical boundaries.