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FX summary: Dollar climbs to upper 159-yen zone as failed peace talks spark safe-haven demand

Mon Apr 13, 2026 10:23 am JST Currency

The dollar-yen exchange rate in Tokyo stood at around 159.71 yen as of 10:00 a.m. on the 13th, up nearly 40 sen from 159.31 yen at 5:00 p.m. last Friday.

In New York on the 10th, the pair finished at around 159.27 yen, up approximately 30 sen from the previous day. While the rate briefly dipped to the high 158-yen range, safe-haven dollar buying remained robust, occasionally lifting the greenback into the upper 159.30s.

In Tokyo on Monday, the dollar hit 159.85 yen shortly after 8:10 a.m. Following the collapse of U.S.-Iran peace talks, demand for the dollar as a reserve currency intensified amid a broad flight to safety. With President Trump announcing a blockade of the Strait of Hormuz and crude oil futures jumping, the yen faced selling pressure on fears over Japan’s deteriorating trade balance as energy import costs rise.

The euro was quoted at $1.1688, up approximately $0.0010 from 5:00 p.m. last Friday. Against the yen, the common currency stood at around 186.66 yen, a gain of approximately 55 sen.

Source: MINKABU PRESS

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

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