kabutan

FX summary: Dollar briefly rises to upper 159.60 yen range as U.S. crude futures advance in off-hours trading

Thu Apr 23, 2026 10:15 am JST Currency

The dollar-yen exchange rate in the Tokyo foreign exchange market on the 23rd stood at around 159.33 yen to the dollar as of 10:00 a.m., trading about 10 sen higher in dollar terms and weaker in yen terms compared to 5:00 p.m. the previous day.

In the New York foreign exchange market on the 22nd, the dollar-yen rate closed at around 159.48 yen to the dollar, approximately 10 sen stronger for the dollar and weaker for the yen compared to the previous day. The pair rose to 159.57 yen at one point amid heightened inflation concerns driven by rising U.S. crude oil futures.

Carrying over this momentum, the dollar-yen rate in the Tokyo market started firmly. As U.S. long-term interest rates and U.S. crude oil futures rose in off-hours trading, the pair was pushed up to 159.68 yen briefly shortly after 9:10 a.m. However, gains were subsequently limited as market participants sought to assess the outcome of the second round of peace talks between the United States and Iran. Meanwhile, the euro traded weakly against both the dollar and yen amid concerns over the adverse impact of rising energy prices on the European economy.

The euro stood at around 1.1712 dollars per euro against the dollar, down more than 0.0040 dollars from 5:00 p.m. the previous day. Against the yen, it traded at around 186.60 yen per euro, down approximately 55 sen in yen terms.

Source: MINKABU PRESS

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

Related Articles