The yen remained stuck in the ¥159 range against the dollar, while the Canadian dollar surged and major currencies repeatedly hit new year-to-date lows.
In the foreign exchange market, the yen moved unevenly against major currencies. The dollar-yen rate was nearly unchanged at ¥159.42 per dollar, while the euro-yen rate remained stalled at ¥183.74 per euro.
Against the Canadian dollar, the yen weakened 0.88%, with CAD/JPY falling to ¥114.36. Gains in commodity currencies were particularly pronounced, with AUD/JPY at ¥112.43 and NZD/JPY at ¥93.47, indicating a weaker yen.
The yen's year-to-date depreciation trend was pronounced: USD/JPY was up 13.03%, EUR/JPY 17.99%, CAD/JPY 7.56%, AUD/JPY 17.04% and CHF/JPY 16.86%.
The Canadian dollar's rise was particularly notable, with C$1 trading at ¥114.36, close to its one-year high of ¥118.65. Meanwhile, the yen has appreciated 30.33% against the Turkish lira year to date, while the yen's 98.97% year-to-date appreciation against the South Korean won reflects the impact of special factors.