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Tokyo FX: dollar weakens to around 158.80 yen in volatile trade amid Iran tensions

Mon Apr 20, 2026 3:32 pm JST Currency

The dollar traded around 158.90 yen at 3 p.m. in Tokyo on 20th, down approximately 0.30 yen from 159.20 yen at 5 p.m. last Friday. The euro stood around 186.82 yen, weakening over 0.80 yen during the same period.

Dollar-yen rose near 159.20 yen shortly after 9 a.m. On 18th, Iran's Revolutionary Guards announced the re-closure of the Strait of Hormuz. In response, US crude oil futures rose in early Asian trade on 20th, with WTI May contracts climbing to around $91 per barrel at one point. "Flight to the dollar" sentiment prevailed initially, but WTI prices subsequently retreated to $88, pushing dollar-yen down to around 158.80 yen. Iranian state media reported on 19th that Tehran refused to participate in a second round of talks with Washington. With the ceasefire deadline approaching on 21st (22nd Japan time), the pair remained volatile.

The euro traded around $1.1753 against the dollar, weakening by nearly $0.0030.

Source: MINKABU PRESS

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

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