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Tokyo FX: Dollar Strengthens to High-159s on Fears of Escalating US-Iran Conflict

Mon Apr 6, 2026 10:19 am JST Currency

USD/JPY was trading around \159.74 as of 10:00 AM in Tokyo on the 6th, up approximately 15 sen from Friday’s 5:00 PM close.

In New York on the 3rd, the pair finished at \159.67, gaining about 7 sen on the day. The dollar briefly touched a high of \159.81 following robust March non-farm payrolls data.

Early Tokyo trading saw a continuation of dollar-buying, with the pair reaching \159.83 shortly after 8:20 AM. Sentiment was rattled by President Trump’s interview with the Wall Street Journal on the 5th, in which he threatened "large-scale attacks" if Iran fails to reopen the Strait of Hormuz by the night of the 7th. The dollar's ascent was further fueled by spiking U.S. crude oil futures in Asian electronic trading amid fears of military escalation.

Meanwhile, the Euro slipped to approximately $1.1512, down $0.0030 from Friday’s Tokyo close. Against the yen, the single currency fell 30 sen to trade around \183.90.

Source: MINKABU PRESS

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