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Yen Hits New High since Sep 2024; JPY100/ HKD Stands at 5.52.
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The Japanese yen busted above the key psychological level of 140 against the U.S. dollar, on the back of heightened demand for the safe-haven currency amid escalating tariff risks and threats to the Fed’s independence. USD/ JPY peaked at 139.88, its strongest level since September 2024, and last went up 0.6% at 140.09. JPY100/ HKD last stood at 5.52. Speculative net long positions on the yen reached a record high last week, data from the U.S. Commodity Futures Trading Commission (CFTC) as of April 15 showed. Investors are closely monitoring trade negotiations between U.S. and Japanese finance ministers. AAStocks Financial News |
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