kabutan

Foreign exchange summary: Dollar rose to upper 159.80 yen range before consolidating

Fri Apr 24, 2026 3:20 pm JST Currency

In the Tokyo foreign exchange market on the 24th, the dollar-yen pair stood at around 159.77 yen per dollar as of 3:00 p.m., representing a dollar rise and yen decline of nearly 20 sen compared to 5:00 p.m. the previous day.

Iran's Parliament Speaker Mohammad Bagher Ghalibaf, who had been seen as favorable toward dialogue with the United States, was reported to have stepped down from leading negotiations to end the fighting. Additionally, reports emerged that "Israeli Defense Minister Yoav Katz disclosed that Israel has completed preparations to resume war with Iran and is awaiting U.S. approval," raising uncertainty over whether a second round of peace talks will materialize. With crude oil prices remaining elevated, "safe-haven dollar buying" and yen selling driven by concerns over Japan's deteriorating trade balance emerged easily, pushing the dollar-yen pair to 159.84 yen around 12:30 p.m. However, after Finance Minister Satsuki Katayama stated at a post-cabinet meeting press conference that "decisive and strong measures can be taken against speculative movements in the currency market," caution emerged regarding further upside, and dollar buying and yen selling momentum slowed as the pair approached 160 yen.

The euro traded at around 1.1682 dollars per euro against the dollar, down approximately 0.0020 dollars from 5:00 p.m. the previous day. Against the yen, the euro traded at around 186.64 yen, down approximately 15 sen.

Source: MINKABU PRESS

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

Related Articles