---
title: "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"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282471605.md"
description: "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"
datetime: "2026-04-13T01:52:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282471605.md)
  - [en](https://longbridge.com/en/news/282471605.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282471605.md)
---

# 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

Due to the U.S. blockade of the Strait of Hormuz, the Middle East situation has further escalated, with Japan's 10-year government bond yield rising to its highest level since 1997.

This benchmark yield rose by 5.5 basis points to 2.49% on Monday (April 13). The price of 10-year government bond futures fell by as much as 55 basis points to 129.27.

In negotiations over the past weekend, the U.S. and Iran failed to reach an agreement to end the conflict, dampening hopes for a ceasefire. The escalation of tensions has pushed oil prices higher, exacerbating inflationary pressures on Japan, which heavily relies on energy imports from the Middle East.

#### Further Reading

U.S.-Iran negotiations fail, oil prices soar 8%, strong dollar makes Asian currencies outlook not optimistic Shen Yue: The Middle East feud pauses, but no one dares to blink

The continued weakness of the yen has driven up import costs, increasing inflation risks, with the yen approaching the 160 yen mark against the dollar once again.

Meanwhile, the Singapore dollar against the yen has also reached a historical high of 125.20; as of 9:30 AM on Monday, it slightly retreated to 125.11.

Japan's Finance Minister Shunichi Suzuki stated that considering the impact of exchange rate fluctuations on Japanese households and the economy, authorities are prepared to take action at all levels of the market

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