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U.S. forex market summary: Dollar rises to 160.40 yen range on hawkish FOMC

Thu Apr 30, 2026 7:55 am JST Currency

The dollar-yen exchange rate in the New York foreign exchange market on the 29th closed at around 160.41 yen per dollar, up approximately 80 sen from the previous day, marking a dollar-higher and yen-lower trend. The euro traded at around 187.21 yen per euro, up approximately 30 sen, marking a euro-higher and yen-lower trend.

The session saw early "safe-haven dollar buying" after the Wall Street Journal reported that U.S. President Trump instructed aides to prepare for a prolonged blockade of Iranian ports. The dollar also found support from the day's economic data, including March U.S. housing starts reaching their highest level in one year and three months, and core capital goods orders (non-defense capital goods excluding aircraft), a leading indicator of private capital investment, posting their largest increase in approximately six years in March durable goods orders. The Federal Open Market Committee (FOMC) kept policy rates unchanged as widely expected, but was perceived as "hawkish and less inclined toward monetary easing" due to opposition to signaling future easing. This pushed U.S. long-term interest rates higher and drove the dollar-yen rate up to 160.47 yen at one point.

The euro traded at around 1.1677 dollars per euro against the dollar, down approximately 0.0035 dollars from the previous day, marking a euro-lower and dollar-higher trend.

Source: MINKABU PRESS

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

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