NEW YORK, June 15 (Reuters) - Japan's holdings of U.S. Treasuries fell further in April to their lowest level since January 2020, data from the U.S. Treasury Department showed on Wednesday, amid a persistent decline in the yen's value versus the dollar which may have prompted Japanese investors to sell U.S. assets.
It was also in April when Federal Reserve officials signaled sizable U.S. interest rate hikes to temper soaring inflation, likely forcing investors to sell Treasuries as well and pushing their yields higher.
Japanese holdings of Treasuries fell to $1.218 trillion in April, from $1.232 trillion in March. April's holdings were Japan's lowest since January 2020. Japan, however, remained the largest non-U.S. holder of Treasuries. (Reporting by Gertrude Chavez-Dreyfuss Editing by Paul Simao)