kabutan

Dollar steady around 158.90 yen as markets eye Fed chair nominee hearing

Tue Apr 21, 2026 3:23 pm JST Currency

The dollar traded around 158.90 yen at 3 p.m. in the Tokyo foreign exchange market on Tuesday, down approximately 6 sen from Monday afternoon. Meanwhile, the euro stood at 187.16 yen, up roughly 23 sen.

Trading activity remained subdued as market participants continued to assess geopolitical developments in Iran. In morning trade, the dollar found support from demand among Japanese importers. Sentiment for the pair was further influenced by reports on Monday suggesting the Bank of Japan is likely to forgo an additional interest rate hike at its April monetary policy meeting, which initially bolstered dollar buying and yen selling.

However, momentum stalled ahead of the U.S. Senate confirmation hearing for Kevin Warsh, the former Federal Reserve governor nominated as the next Fed chair. While the greenback briefly touched the 159.00 yen level, investors moved to the sidelines to await clarity on the future of U.S. monetary policy.

Against the dollar, the euro traded at approximately 1.1778 dollars, up about 0.0019 dollars from the previous session.

Source: MINKABU PRESS

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

Related Articles