The dollar-yen exchange rate in the Tokyo foreign exchange market on the 9th stood at approximately \158.85 per dollar as of 10:00 a.m., trading around 0.65 yen (65 sen: 0.01 yen per sen) higher in dollar terms ? and correspondingly weaker in yen terms ? compared to 5:00 p.m. the previous day.

In the New York foreign exchange market on the 8th, the dollar-yen pair closed at approximately \158.57 per dollar, down roughly \1.05 in dollar terms ? and stronger in yen terms ? compared to the previous day. Following a reported two-week ceasefire agreement between the United States and Iran, unwinding of "risk-off dollar buying" pushed the pair as low as \157.89 at one point.

However, Middle East tensions remain elevated, with Iranian Parliament Speaker Ghalibaf stating on social media that "the ceasefire agreement with the United States has been broken." In the Tokyo market on the same day, buying flows returned to the dollar in its capacity as a key reserve currency. With U.S. crude oil futures firming during off-hours trading, concerns over a deteriorating Japanese trade balance intensified yen-selling pressure, pushing the dollar-yen rate to the \158.80 range around 9:50 a.m.

The euro traded at approximately $1.1657 per euro against the dollar as of 10:00 a.m., down roughly $0.0040 in euro terms ? and firmer in dollar terms ? compared to 5:00 p.m. the previous day. Against the yen, the euro stood at approximately \185.17, up around 0.15 yen (15 sen: 0.01 yen per sen) in euro terms ? and softer in yen terms.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.