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Tokyo FX Summary: Dollar trades around \158.60, crude oil prices remain elevated limiting dollar selling

Wed Apr 1, 2026 3:42 pm JST Currency

The dollar traded at \158.67 against the yen as of 3:00 p.m. in the Tokyo foreign exchange market on the 1st, down approximately 95 sen from \159.62 at 5:00 p.m. the previous day. The euro was trading at \183.49, up slightly more than 30 sen from the previous day.

The dollar-yen pair was trading around \158.60 as of 9:00 a.m., rising to near \159.00 shortly after 10:00 a.m. However, the pair subsequently remained range-bound, centered around the upper \158 level. Iranian President Pezeshkian was reported to have stated that he has "the will to end the war." Additionally, U.S. President Trump indicated on the 31st that the United States would end the war with Iran within two to three weeks, according to reports. While the Nikkei Stock Average rebounded sharply on the 1st in response to these developments, the currency market continued to move within a narrow range. With WTI crude oil prices in off-hours trading remaining elevated at around $100 per barrel, dollar selling and yen buying appeared limited.

The euro was trading at $1.1568 against the dollar, up slightly more than $0.0090 from the previous day.

Source: MINKABU PRESS

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