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Yen Hits New High since Sep 2024; JPY100/ HKD Stands at 5.52.
Recommend 3 Positive 5 Negative 3 2025/04/22 05:42 GMT
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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.
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