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FX Summary: Dollar Trades in Upper 159-Yen Range Amid Cautious Mood

Fri Apr 3, 2026 3:11 pm JST Currency

The dollar-yen exchange rate in the Tokyo foreign exchange market on the 3rd stood at around \159.65 per dollar as of 3:00 p.m., representing a dollar appreciation of about 10 sen compared to 5:00 p.m. the previous day.

U.S. President Trump stated in a speech on the night of the 1st (morning of the 2nd Japan time) that "the United States will attack Iran heavily over the next two to three weeks," and on the 2nd posted on his social media that "Iran's largest bridge has collapsed and will never be used again." Expectations that tensions in the Middle East will be prolonged prompted "risk-off dollar buying," with the dollar-yen rate reaching \159.71 around 11:20 a.m. However, with many market participants on holiday due to Good Friday in Europe and the United States and the Easter break, and with the U.S. employment report for March scheduled for release tonight, a wait-and-see mood prevailed, and the rate moved mostly in the upper 159-yen range during the afternoon.

The euro traded at around $1.1538 per euro against the dollar as of 3:00 p.m., up about $0.0006 from 5:00 p.m. the previous day. Against the yen, the euro stood at around \184.18, up nearly 20 sen from the previous day.

Source: MINKABU PRESS

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