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Foreign Exchange Summary: Dollar briefly hits 159 yen range as WTI rebound spurs buying
In the Tokyo foreign exchange market on the 15th, the dollar was trading around 158.96 yen as of 3:00 p.m., down about 10 sen from around 5:00 p.m. the previous day. The euro stood at around 187.44 yen, up about 8 sen against the yen.
The dollar-yen pair was around 158.80 yen at 9:00 a.m., but rose to around 159.06 yen shortly after 11:40 a.m. U.S. President Trump indicated on the 14th that negotiations with Iran could resume in Pakistan within two days. While hopes for peace talks sparked an unwinding of "safe-haven" dollar buying, briefly pushing the currency below the 159 yen level, a rebound in WTI crude oil prices from the 86 dollar range to the 90 dollar range spurred dip-buying.
The euro traded at around 1.1791 dollars, up slightly more than 0.0010 dollars.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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