The US Dollar Index rises modestly, and the Japanese Yen hits a two-week high

SleepyArbCat · 2026-02-13T23:15:48+00:00

Recently in the foreign exchange market, the US dollar index rose by more than 0.2%, and the Japanese yen rebounded due to the outlook of the Japanese general election, but it still faced pressure from the strengthening dollar. Commodity currencies performed poorly, with the Australian dollar and New Zealand dollar both declining, indicating continued market risk aversion towards the US dollar. The British pound and euro are oscillating and consolidating, with the US dollar index remaining relatively strong.

SleepyArbCat

2026-02-13 23:15:48

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Recent foreign exchange market activity has been frequent, with the US dollar index steadily rising by over 0.2%, hovering around 97.65. According to Hong Kong Radio, Japan is about to hold a general election, which has driven the yen to decline for four consecutive days before rebounding, with USD/JPY reaching 156.94, a nearly two-week high, indicating the US dollar index’s strong performance in the global currency market.

Yen Rebound Drives Dollar Strength

With Japan’s upcoming election, the yen experienced a four-day decline before stabilizing, and the upward momentum of the US dollar against the yen is particularly evident. The rise in the US dollar index is partly fueled by the relative weakness of the yen, reflecting ongoing market demand for the dollar as a safe-haven asset. This trend demonstrates that geopolitical events continue to influence the forex market.

Commodity Currencies Under Pressure, AUD and NZD Both Decline

Commodity currencies are showing weakness, with the strengthening of the US dollar further pressuring them. The AUD/USD in New York trading is slightly below 0.70, down about 0.4%; the NZD/USD is around 0.60, down over 0.7%. This indicates increased pressure for commodity currencies to appreciate against the dollar as investors shift toward dollar-based safe assets.

Pound and Euro Fluctuate, US Dollar Index Maintains Advantage

The GBP/USD has slightly declined by 0.3%, fluctuating around 1.365, indicating moderate adjustment pressure on the pound. The EUR/USD remains around 1.18, showing no clear direction. The USD/CAD has risen about 0.2%, staying above 1.366. Overall, the US dollar index remains relatively strong among major global currencies, reflecting continued market preference for dollar assets.

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