Dollar-yen hovers around 159.20 yen as markets await Iran developments
The dollar-yen exchange rate in the Tokyo foreign exchange market stood at approximately 159.22 yen per dollar as of 3:00 p.m. on the 22nd, representing a dollar appreciation and yen depreciation of about 20 sen from 5:00 p.m. the previous day. The euro traded at approximately 187.11 yen, up about 6 sen against the yen.
The dollar-yen pair was trading in the 159.30 yen range as of 9:00 a.m. but fluctuated before softening to around 159.19 yen just after 2:20 p.m. US President Trump announced on the 21st that he would extend the ceasefire with Iran. However, crude oil prices remained elevated as he stated the US Navy would continue its blockade of Iranian ports and coastal areas. Markets are awaiting further developments in the Iran situation, with the exchange rate continuing to fluctuate in the lower 159 yen range.
The euro traded at approximately 1.1751 dollars, representing a euro depreciation and dollar appreciation of slightly over 0.0010 dollars.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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