The dollar-yen exchange rate in the Tokyo foreign exchange market stood at around 156.97 yen per dollar as of 10:00 a.m. on the 8th, approximately 70 sen higher than the 5:00 p.m. level on the previous day, marking a stronger dollar and weaker yen.

In the New York foreign exchange market on the 7th, the dollar-yen pair closed at around 156.93 yen per dollar, approximately 55 sen higher than the previous day, showing a stronger dollar and weaker yen. The dollar rose to 156.96 yen at one point against the backdrop of views that negotiations between the United States and Iran are facing difficulties.

Bloomberg News and other sources reported that "the U.S. Central Command responded to an Iranian attack on a naval destroyer that was navigating through the Strait of Hormuz toward the Gulf of Oman on the 7th, and conducted a counterattack targeting the country's military facilities behind it." Amid these developments, "safe-haven dollar buying" has also been dominant in the Tokyo market on this day. However, due to concerns about potential yen-buying intervention by Japanese currency authorities, market participants remain cautious about pushing the dollar higher, and the dollar-yen pair is trading in the upper 156 yen range.

The euro stood at around 1.1727 dollars per euro against the dollar, approximately 0.0040 dollars lower than the 5:00 p.m. level on the previous day, marking a weaker euro and stronger dollar. Against the yen, the euro traded at around 184.08 yen per euro, slightly over 20 sen higher, showing a stronger euro and weaker yen.

Source: MINKABU PRESS

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