Since the start of 2025, the Japanese yen’s depreciation has been observed primarily during offshore trading hours, according to Investing.com Forex. This pattern suggests that the yen’s weakness is not uniformly affecting the currency throughout the full trading day.
The limited yen softness outside of Japan's domestic market hours indicates that onshore demand remains relatively stable despite offshore pressures. This dynamic could reflect differing investor behaviors or liquidity conditions between global and local trading sessions.
For Japanese investors and traders, understanding the timing of yen movements is crucial, especially as offshore activity can influence FX strategies and risk management in international markets.