The Singapore dollar against the Japanese yen broke 125, and the yield on Japanese government bonds rose to the highest level since 1997 | Lianhe Zaobao
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Due to the U.S. blockade of the Strait of Hormuz and the escalation of the situation in the Middle East, Japan's 10-year government bond yield rose to its highest level since 1997, reaching 2.49%. Government bond futures prices once fell by 55 basis points. The yen continues to weaken, approaching 160 yen against the U.S. dollar, while the Singapore dollar against the yen hit a historic high of 125.20. Japan's Finance Minister stated that they are prepared to take action considering the impact of exchange rate fluctuations on the economy
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