Foreign exchange summary: Dollar-yen stuck in lower 157 yen range ahead of extended holiday

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri May 1, 2026 3:13 pm JST Currency

The dollar traded around 157.28 yen at 3:00 p.m. in Tokyo on May 1, down approximately 2.85 yen from late afternoon the previous day, as the yen gained ground following suspected government intervention.

The greenback plunged to 155.57 yen on the evening of April 30 after Finance Minister Satsuki Katayama and Vice Finance Minister for International Affairs Jun Mimura signaled that currency intervention was imminent. This was followed by intermittent yen-buying by Japanese authorities. However, the yen remained under pressure from high crude oil prices, and the dollar showed resilience in Tokyo trading. The rate recovered to 157.32 yen around 11:50 a.m. after U.S. news site Axios reported that top military officials had briefed President Trump on potential military action against Iran. Trading remained subdued in the lower 157 yen range during the afternoon as investors stayed sidelined ahead of the extended holiday. Remarks by Vice Finance Minister Mimura, who warned that "the holiday is still in its early stages," further weighed on the dollar's recovery.

The euro traded around $1.1722, up approximately $0.0040 from the previous day's close. Against the yen, the single currency fell about 2.60 yen to 184.40 yen.

Source: MINKABU PRESS

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