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NY FOREX: USD/JPY eases to around 159.30 yen on hopes for continued U.S.-Iran talks

Tue Apr 14, 2026 7:55 am JST Currency

The USD/JPY pair settled around 159.45 yen in the New York currency market on the 13th, up nearly 0.20 yen from the previous week's close. The euro stood at approximately 187.50 yen, gaining about 0.80 yen against the Japanese currency.

The greenback initially attracted safe-haven bids after U.S.-Iran peace talks held in Pakistan on the 11th and 12th collapsed without an agreement. The dollar-yen pair spiked to as high as 159.86 yen during European trading hours following reports that "Iran threatened to target all ports in and around the Persian Gulf if its maritime hubs come under threat." However, risk-off dollar buying lost momentum after U.S. President Donald Trump told reporters at the White House that "Iran has reached out to the administration regarding peace negotiations," rekindling hopes for continued dialogue between the two nations. The pair subsequently eased toward 159.30 yen in New York trading, further pressured by a pullback in U.S. crude oil futures.

The euro changed hands at around $1.1759, up approximately $0.0035 against the dollar from the prior week's close.

Source: MINKABU PRESS

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

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