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Tokyo FX summary: Dollar rises to upper 159.30 yen range on dollar-buying and yen-selling ahead of fixing

Fri Apr 17, 2026 10:30 am JST Currency

The dollar-yen rate in the Tokyo forex market on the 17th was trading around 159.33 yen as of 10:00 a.m., up nearly 50 sen from the 5:00 p.m. level the previous day.

In the New York forex market on the 16th, the dollar/yen ended around 159.17 yen, up nearly 20 sen from the previous day. The pair rose as high as 159.31 yen after the April Philadelphia Fed Manufacturing Index and weekly initial jobless claims data pointed to a resilient US economy.

However, in Tokyo on Friday, the pair softened to 159.02 yen in early trading as safe-haven dollar buying unwound after US President Trump mentioned the possibility of a second round of negotiations with Iran over the weekend to end hostilities. Nevertheless, downside was limited by elevated US crude oil futures and receding expectations for an early Bank of Japan rate hike. Dollar buying and yen selling, attributed to real-money accounts, emerged ahead of the fixing?the benchmark rate set by financial institutions around 9:55 a.m.?pushing the pair to the upper 159.30 yen range by 9:50 a.m.

The euro was trading around 1.1779 dollars as of 10:00 a.m., down slightly more than 0.0010 dollars from the 5:00 p.m. level the previous day. Against the yen, the euro was around 187.67 yen, up approximately 35 sen.

Source: MINKABU PRESS

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

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