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Tokyo FX Summary: Dollar Climbs to Near \159.80 on Safe-Haven Buying Amid Iran Tensions

Tue Apr 7, 2026 10:25 am JST Currency

In Tokyo foreign exchange trading on the 7th, the dollar-yen pair stood at around \159.82 as of 10:00 a.m., up more than 40 sen from 5:00 p.m. the previous day. Meanwhile, the euro changed hands at around \184.40, roughly 10 sen higher against the yen compared to the previous session.

After trading in the \159.60 range around 8:30 a.m., the dollar advanced to the \159.80 zone shortly after 9:50 a.m. At a press conference on the 6th, U.S. President Trump stated that negotiations with Iran were "progressing well," but warned he would destroy the country's bridges and power plants if Iran did not comply. Furthermore, reports indicated that Iran had rejected the proposed ceasefire. With the negotiation deadline approaching at 9:00 a.m. JST on the 8th (8:00 p.m. EST on the 7th), crude oil prices remain elevated and geopolitical tensions are mounting. In this climate, safe-haven dollar buying has dominated the market, pushing the greenback into the upper \159 range.

Against the dollar, the euro traded at around $1.1537, down more than 20 pips ($0.0020) amid broad dollar strength.

Source: MINKABU PRESS

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