Pressure on the Japanese Yen and US Dollar Volatility in Global Currencies

LiquidationSurvivor · 2026-02-22T18:03:11+00:00

The US dollar has shown stability amidst political pressures in Asia, with the index around 97.65. Japan's political uncertainty has led to a depreciation of the yen, pushing the dollar closer to 157 yen. Meanwhile, commodity-linked currencies weakened, while the euro maintained stability against the dollar.

LiquidationSurvivor

2026-02-22 18:03:11

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In the current foreign exchange market, the US dollar has remained largely stable, although political pressures in Asia continue to cause significant fluctuations. The dollar index is around 97.65, up more than 0.2%, reflecting investor expectations for the upcoming US monetary policy cycle.

According to RTHK sources, the Japanese situation is a key factor in current dynamics. The Japanese yen has depreciated for four consecutive days amid the country’s preparations for upcoming political elections. The US dollar approached the psychological threshold of 157 yen, reaching a two-week high of 156.94 yen, highlighting how Japanese political uncertainty continues to drive demand for the US dollar as a safe haven.

US Dollar Strengthens Amid Japanese Elections

Currencies linked to commodities have experienced widespread declines. The Australian dollar remained slightly below the 0.7 mark against the US dollar, down about 0.4% in late New York trading. The New Zealand dollar, also sensitive to commodity cycles, fell to 0.6 against the US dollar, with a loss exceeding 0.7%.

In the developed currency segment, the US dollar appreciated about 0.2% against the Canadian dollar, consolidating above 1.366. The British pound declined 0.3% against the US dollar, staying around 1.365.

Commodity Currencies Weakness and Euro Stability

The euro, on the other hand, showed notable resilience, remaining largely stable against the US dollar at around 1.18. This stability indicates that global currency pressures are mainly focused on emerging economies and commodity-dependent countries, while major reserve currencies maintain balanced positions amid increasing geopolitical and political volatility.

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