This Monday, the yen is strengthening as markets remain vigilant in the face of intervention. While the Chinese yuan hit a new high in 32 months against dollar.

LA The rise in the yen resulted in a drop Generalized dollar value at the start of trading on Monday, markets remaining vigilant Faced with the prospect of an intervention on the yen and investors reducing their dollar positions before a Federal Reserve meeting and a possible announcement of the name of its president.

The yen rose by almost 1% to a The peak in two months was 154.22 yen to the dollar.

The yen recorded its biggest rise on Friday daily against the dollar for nearly six months, with peaks at the end of Asian session and again during the New York session.

The Chinese yuan hit a new high on Monday In 32 months against the dollar, the central bank continuing its recent practice consisting in carefully guiding the strengthening of the currency by raising its official reference point in order to control the rate of assessment.

On the spot market, the onshore yuan has reached a high of 6.9539 for the dollar, the highest level since May 16 2023, before trading at 6.9558 at 03:50 GMT.

Its offshore equivalent traded at 6.9522 for one dollar at 03:50 GMT.

The yuan appreciated by 0.5% against the dollar since the start of the year, after an increase of 4.5% % in 2025, which is the highest annual appreciation since 2020. Her recent strength was supported by a weaker dollar and increased demand for Businesses for the Chinese currency in the run-up to the New Year holidays lunar.