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Foreign exchange summary: Yen rises to near 159.60 per dollar on concerns over prolonged Middle East conflict

Mon Apr 27, 2026 10:15 am JST Currency

The dollar-yen exchange rate in the Tokyo foreign exchange market on the 27th was trading at around 159.48 yen per dollar as of 10:00 a.m., representing a dollar decline and yen appreciation of about 20 sen compared to 5:00 p.m. on the previous Friday.

In the New York foreign exchange market on the 24th, the dollar-yen exchange rate closed at around 159.38 yen per dollar, down about 30 sen from the previous day. The pair temporarily weakened to 159.31 yen as "flight-to-dollar" buying was unwound on speculation that a second round of direct talks between the United States and Iran would be held to end the conflict.

However, after U.S. President Trump announced on the 25th that he would cancel the dispatch of a negotiating team for peace talks, dollar buying and yen selling took the lead in the Tokyo market on this day due to concerns over a prolonged Middle East conflict. With U.S. long-term interest rates and U.S. crude oil futures rising in off-hours trading, the dollar-yen rate climbed to near 159.60 yen around 8:50 a.m.

The euro stood at around 1.1716 dollars per euro against the dollar, up about 0.0030 dollars from 5:00 p.m. on the previous Friday. Against the yen, it was trading at around 186.85 yen per euro, representing a euro appreciation and yen depreciation of about 20 sen.

Source: MINKABU PRESS

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

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