The dollar rose to the highest level in nearly 20 years against the Japanese yen, due to the FED’s tightening monetary policy in contrast to Japan’s central bank’s over-easy financial policy.
Cashback on April 13 rose to 126.32 JPY, the highest level not seen since June 2002.



Compared to six major partner currencies, the Dollar Index (DXY) in this session sometimes reached 100.52, the highest level since May 2020. Month-to-date, DXY is up nearly 3% with the boom expected to see its biggest monthly increase in nine months.
BOJ envoy Haruhiko Kuroda said on Wednesday that the recent inflation, caused by a sharp rise in spending on imports, could impact the economy, as highlighting BOJ's commitment is to keep monetary policy flexible Strong.
Amid a sharp fall in JPY prices, Japanese Accountant Chief Hirokazu Matsuno said "the government intends to closely monitor movements in the foreign exchange market, including recent evolutions of the yen weakness and its impact on the Japanese economy" I'm so proud of you.
Japanese Finance Minister Shunichi Suzuki said the currency exchange was a very serious accusation.
Data showed U.S. manufacturer prices in March rose 11.2% year-on-year, the biggest increase since the initial calculations of 12-month data in November 2010, cited during markets where the Fed expects to install a boost The stamp of interest. By half a percentage in its policy meeting next month.
"The U.S. economy is independent, and the outlook is high enough that the Fed will continue to maintain 'vague' policy lines and act in that direction." Certainly will help keep the USD going forward. Juan Perez, Director of Trade at Monex USA in Washington, said.
The dollar is up despite U.S. exchange data just released partially lower than expected, due to Fed Governor Lael Brainard stressing that the US Central Bank will still be implementing continuous measures of raising interest rates despite Some signs that prices are cooling down.
Meanwhile, the euro fell to $1.0809, the lowest in over a month, as investors exercised caution before the European Central Bank (ECB) began its monthly meeting on Thursday (April 14).
Although markets haven’t forecasted that ECB will have any interest rate changes, market participants are still curious to see how fickle ECB Chairman Christine Lagarde will be, could it push interest rate hike at the end of the year? Markets now think ECB interest rate will rise 70 basis points in December this year.
However, the euro is likely to remain an impact as the Russian-Ukraine dispute continues. The dispute is now into its second month, pushing fuel prices sharply, pushing global food prices as Russia and Ukraine as major exporters, including wheat and sunflower oil, positively.
Russia's currency on April 13 held strong near 80 RUB/USD in the context of the country's shares plummeted after weeks of chaotic trading.
Russian exchange rate at the end of April 13 in Vietnam decreased slightly 0.3% to 79.91 RUB/USD. Last week, the coin rose to 71 RUB, the highest level since 11/11. Compared to the euro, the ruble was also strong at 86.29 RUB.
Natalia Orlova, chief economist at Alfa Bank, said "there will be a period of drastic volatility in the Russian currency, expected to reach the end of this year," adding that although the currency could be stable next month, The mother is still at risk. Of the fall back.
Exports in Russia rose to 17.49% on April 8 (year-on-year), the highest level since February 2002 and up 16.70% from one week ago, while sanctions from the western countries led to a shift in currency And push the price up. This is according to the Ministry of Economy.
Prices of almost everything, from vegetables and sugar, to clothes and smartphones, have skyrocketed in recent weeks. The country’s central bank has warned that consumer interest in Russia will continue to rise rapidly in the near future.
Gold prices have continued to maintain their momentum, reaching a 1-month high amid high demand for “protection” against inflation.
Gold prices on April 13 sometimes reach highest since March 14 at $1,979.95; June gold futures also climbed $1,980.70 per ounce.
Edward Meir, analyst at ED&F Man Capital Markets, said the gold market appears to be “ignoring a strong dollar and U.S. interest rate that seem to be focused solely on the market”.