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U.S. FX Market Summary: Dollar-Yen Climbs to \159.30 Amid Uncertainty Over Ceasefire Agreement

Fri Apr 10, 2026 7:55 am JST Currency

In the New York foreign exchange market on the 9th, the dollar closed at approximately \158.96 against the yen, gaining 0.40 yen (40 sen, where 1 sen = 0.01 yen) from the previous day. The euro ended at around \185.98 per euro, gaining more than \1.00 against the yen.

Although the United States and Iran reached a two-week ceasefire agreement on the 8th, brokered by Pakistan, uncertainty over the Middle East situation persisted, as the two sides held differing views on whether Lebanon ? where Israeli attacks are ongoing ? falls within the scope of the ceasefire. Crude oil futures on the New York Mercantile Exchange (NYMEX) posted a rebound on the 9th, triggering risk-off dollar buying in the foreign exchange market. Adding to dollar support, U.S. wholesale inventories for February, released the same day, rose at the fastest pace in 13 months. The dollar-yen rate climbed to \159.30 at its intraday high. However, reports that U.S. President Trump urged Israeli Prime Minister Netanyahu to scale back attacks in Lebanon ? coupled with news that Netanyahu had directed officials to begin peace negotiations with Lebanon ? eased concerns over Middle East geopolitical risks, pulling the pair back down to the \158.60 level.

The euro traded at around $1.1699 against the dollar, gaining approximately $0.0035 from the previous day.

Source: MINKABU PRESS

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

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