The Japanese Yen has risen to 155.71 against the US dollar, and the US dollar index strengthened in early February.

GateUser-7b078580 · 2026-02-12T12:18:50+00:00

In early February, the US dollar strengthened significantly, with the US Dollar Index rising by 0.67%. The Japanese Yen appreciated notably to 155.71 Yen, outperforming other currencies. Meanwhile, the Euro and British Pound retreated, while the Swiss Franc, Canadian Dollar, and Swedish Krona all depreciated, demonstrating the US dollar's dominant position in the global currency market.

GateUser-7b078580

2026-02-12 12:18:50

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According to ChainCatcher data, the US dollar performed strongly in the foreign exchange market at the beginning of February. The US Dollar Index, which measures the strength of the dollar against six major currencies, appreciated by 0.67% during this period, closing at 97.635. In this wave of dollar appreciation, the most notable change was in the USD/JPY exchange rate, which has become the focus of this trend.

USD/JPY Appreciates Significantly

The USD/JPY exchange rate performed remarkably well amid the dollar’s appreciation. One US dollar exchanged for 155.71 yen, a clear strengthening from the previous trading day’s 154.56 yen, an increase of over 1.15 yen. This change reflects an accelerating upward trend of the dollar relative to the yen. The appreciation of USD/JPY leads among major currency pairs, demonstrating the dollar’s relative strength.

Euro and British Pound Pull Back Against the Dollar

Contrary to the yen’s appreciation, the euro and British pound experienced some retracement during this rally. One euro exchanged for 1.1783 USD, down from 1.1865 USD the previous day; one British pound exchanged for 1.3651 USD, down from 1.3696 USD. The depreciation of the euro and pound against the dollar reinforces the dollar’s market dominance.

Other Currencies Generally Strengthen Against the Dollar

Apart from the yen, other non-mainstream reserve currencies faced greater pressure against the dollar. The Swiss franc, Canadian dollar, and Swedish krona all depreciated relative to the dollar: 1 USD equals 0.7809 CHF (previous day 0.7722), 1 USD equals 1.3698 CAD (previous day 1.3602), and 1 USD equals 8.978 SEK (previous day 8.8927). These data indicate that the rise in the dollar index has driven a broad suppression of major global currencies, with the appreciation of USD/JPY merely a reflection of this overall trend.

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