Dollar rises to 159.60 yen range on uncertainty over US-Iran negotiations

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Wed Apr 22, 2026 7:55 am JST Currency

The dollar closed at around 159.37 yen in the New York foreign exchange market on the 21st, approximately 55 sen higher against the yen compared to the previous day. The euro traded at around 187.14 yen, down nearly 10 sen against the yen.

Yen selling and dollar buying accelerated after reports from the Nikkei and Bloomberg News indicated the Bank of Japan is likely to maintain its policy rate at around 0.75% this month, citing uncertainty over the Middle East. This dampened expectations for a near-term rate hike by the BOJ. Furthermore, Iranian state television reported that no delegation had been sent to Pakistan for peace talks with the US, fueling safe-haven dollar demand. Coupled with US March retail sales beating market forecasts, the dollar/yen pair rose to a high of 159.64 yen. However, the dollar's upside was capped after US President Trump announced an extension of the ceasefire with Iran.

The euro traded at around 1.1744 dollars, approximately 0.0045 dollars lower compared to the previous day.

Source: MINKABU PRESS

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