The dollar to yen exchange rate soared to a two-week high amid Japanese political changes

wagmi_eventually · 2026-02-13T22:04:42+00:00

The US dollar remains stable at around 97.65, with notable fluctuations in Asian currency pairs, particularly the Japanese yen, which is weakening due to election uncertainties. Other commodity-linked currencies also decline, reflecting shifting investor sentiments. Major reserve currencies show mixed trends amidst the strengthening dollar, highlighting the impact of political uncertainties on currency valuations.

wagmi_eventually

2026-02-13 22:04:42

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The US dollar continues to demonstrate stability in the currency markets, remaining around 97.65 with an increase of over 0.2%. However, the most dramatic changes are observed in pairs with Asian currencies, where the dollar to yen exchange rate shows particular dynamics. The noise surrounding the upcoming elections in Japan is intensively influencing the behavior of the Japanese currency, which has been weakening for four consecutive days.

Japanese Yen Under Pressure Due to Election Uncertainty

The currency market reacts to Japan’s political situation in a classic manner. The dollar to yen exchange rate approaches the 157 mark, reaching a two-week high of 156.94 yen per US dollar. According to RTHK, the uncertainty surrounding the upcoming elections is pushing the yen to further weaken, as investors prefer to seek refuge in the more stable US dollar.

Commodity-Linked Currencies Lose Ground

In addition to the Japanese yen, other currencies closely tied to global commodity prices are feeling the pressure. The Australian dollar fell slightly below the psychological level of 0.7 against the US dollar, dropping about 0.4% during the New York trading session. The New Zealand dollar was under even greater pressure, settling at 0.6 and losing over 0.7% of its value. This weakening of commodity currencies reflects a shift in investor sentiment in the global market.

Major Reserve Currencies Show Mixed Picture

Against the backdrop of a strengthening dollar, other major reserve currencies show mixed movements. The US dollar strengthened approximately 0.2% against the Canadian dollar, staying above 1.366. The British pound declined by 0.3% against the US dollar, fluctuating around 1.365. The euro, in turn, remains at 1.18 against the US dollar, demonstrating relative stability among the main currency pairs.

The overall market picture indicates that political uncertainty in major economies provokes a reassessment of currency assets, with the dollar to yen rate remaining a focal point for traders and analysts.

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