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Dollar recovers from 158.20 yen low on cooling BOJ rate hike speculation

Thu Apr 16, 2026 3:50 pm JST Currency

The dollar traded at 158.86 yen in the Tokyo foreign exchange market as of 3:00 p.m. on the 16th, down approximately 7 sen from 5:00 p.m. the previous session. The euro was quoted at 187.51 yen, up roughly 20 sen.

After starting near 158.80 yen at 9:00 a.m., the dollar dipped to the 158.20 yen range shortly after noon. The move followed a Bloomberg report citing Finance Minister Satsuki Katayama in Washington, who noted that many G7 officials favored a "wait-and-see" stance on monetary policy due to concerns over the economic impact of rate hikes. While Katayama did not comment on the Bank of Japan specifically, the report bolstered speculation that the BOJ would hold off on an additional rate hike at its April 27-28 meeting. This triggered dollar buying and yen selling in the afternoon, allowing the pair to recover from earlier lows.

The euro traded at 1.1804 dollars, up approximately 0.0020 dollars.

Source: MINKABU PRESS

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

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