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Tokyo FX summary: dollar trades around 158.90 yen as market watches U.S.-Iran ceasefire developments

Tue Apr 21, 2026 10:29 am JST Currency

The dollar-yen exchange rate in the Tokyo foreign exchange market on 21st stood at approximately 158.95 yen per dollar as of 10:00 a.m., remaining relatively flat compared to the previous day's 5:00 p.m. level. The euro traded at around 187.29 yen, up slightly over 30 sen against the yen from the previous close.

The dollar-yen pair traded around 158.80 yen at approximately 8:30 a.m., before edging higher toward 10:00 a.m. U.S. President Trump reportedly stated on 20th that the likelihood of extending ceasefire negotiations with Iran is extremely low. The ceasefire deadline was indicated as the night of 22nd U.S. Eastern Time (morning of 23rd Japan Time). Market participants are closely watching whether U.S.-Iran negotiations toward a ceasefire will progress. Crude oil prices remain elevated at around 88 dollars per barrel for WTI. Additionally, multiple media outlets reported that the Bank of Japan is expected to refrain from an additional rate hike at its monetary policy meeting scheduled for 27th-28th.

The euro traded at around 1.1783 dollars against the dollar, up slightly over 0.0020 dollars from the previous close.

Source: MINKABU PRESS

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

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