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Yen weakens to upper 159 yen range against dollar as crude oil firms

Thu Apr 16, 2026 7:55 am JST Currency

The dollar closed at around 159.00 yen in the New York foreign exchange market on April 15, up approximately 20 sen from the previous day. The euro was quoted at around 187.60 yen, with the single currency gaining nearly 30 sen against the yen.

Speculation that the U.S. and Iran would soon resume negotiations to end hostilities saw the dollar soften to 158.65 yen during late Asian trading. However, safe-haven dollar demand prevailed in overseas markets amid high uncertainty. As crude oil futures on the New York Mercantile Exchange (NYMEX) firmed, concerns over Japan's deteriorating trade balance?given its heavy reliance on energy imports?pushed the dollar to a high of 159.15 yen during New York hours. While Finance Minister Satsuki Katayama issued a warning against yen weakness, the market impact was limited. The dollar was supported by rising U.S. long-term yields, buoyed by a stronger-than-expected April New York Fed Manufacturing Index.

The euro traded at around 1.1799 dollars, up approximately 0.0003 dollars from the previous day.

Source: MINKABU PRESS

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

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