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FX Summary: Dollar trades in upper 159 yen range as 'risk-off dollar buying' eases on ceasefire extension

Wed Apr 22, 2026 10:12 am JST Currency

The dollar-yen exchange rate in Tokyo stood at around 159.29 yen as of 10:00 a.m. on the 22nd, up nearly 0.30 yen from 5:00 p.m. the previous day.

In New York on the 21st, the pair closed near 159.37 yen, about 0.55 yen higher. The dollar hit a session high of 159.64 yen amid US-Iran tensions and stronger-than-expected US March retail sales data.

However, risk-off dollar buying subsided in Tokyo after President Trump announced an extension of the ceasefire with Iran. While his pledge to maintain a blockade in the Strait of Hormuz remains a concern, stable US crude futures in after-hours trading have kept the pair in the upper 159 yen range.

The euro traded at around 1.1744 dollars, down approximately 0.0020 dollars from 5:00 p.m. the previous day. Against the yen, the euro stood near 187.07 yen, up about 0.02 yen.

Source: MINKABU PRESS

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

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