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U.S. FX market summary: dollar rises to 159.30 yen range on positive U.S. economic data

Fri Apr 17, 2026 7:55 am JST Currency

The dollar-yen exchange rate in New York closed near 159.17 yen on April 16, up nearly 0.20 yen from the previous session. The euro traded around 187.50 yen, down approximately 0.10 yen against the Japanese currency.

Firm U.S. crude oil futures spurred safe-haven dollar buying. Finance Minister Satsuki Katayama noted on April 15 that many G7 officials voiced concerns over the economic impact of rate hikes, favoring a wait-and-see monetary stance, Bloomberg reported. This dampened speculation of an April rate hike by the Bank of Japan (BOJ), weighing on the yen. The dollar-yen rate touched 159.31 yen after April Philadelphia Fed manufacturing data and weekly jobless claims signaled U.S. economic resilience. While gains later moderated, reports that a U.S.-Iran peace deal could take six months encouraged further safe-haven demand. Meanwhile, the euro weakened after European Central Bank (ECB) March meeting minutes showed officials were cautious about premature rate hikes.

The euro traded around 1.1781 dollars, down nearly 0.0020 dollars from the previous day.

Source: MINKABU PRESS

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

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