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Forex summary: Dollar slips toward 159.10 yen as safe-haven demand fades
The U.S. dollar stood at around 159.17 yen in Tokyo trading as of 10:00 a.m. on the 14th, down more than 40 sen from late yesterday, reflecting a weaker dollar and stronger yen. Meanwhile, the euro traded at around 187.28 yen, up about 60 sen from the previous close, marking a stronger euro against the Japanese currency.
The dollar-yen pair hovered around 159.30 yen at 8:00 a.m. before slipping to the 159.10 yen range after 9:20 a.m. U.S. President Trump remarked that Iran strongly desires an agreement in peace talks. The Wall Street Journal also reported on the 13th that a second round of U.S.-Iran talks could begin within days. Growing expectations for continued negotiations have accelerated the unwinding of safe-haven dollar bids, spurring further dollar-selling and yen-buying flows.
Against the dollar, the euro is changing hands at around $1.1766, up approximately $0.0070 from the previous close, reflecting a stronger euro and weaker greenback.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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