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Tokyo forex summary: dollar steady in upper 156 yen range ahead of U.S. jobs data

Fri May 8, 2026 3:15 pm JST Currency

The dollar traded at 156.83 yen as of 3 p.m. in Tokyo on the 8th, up nearly 60 sen from late the previous day.

The U.S. Central Command announced on the 7th that three missile destroyers en route from the Strait of Hormuz to the Gulf of Oman were attacked by Iran. Reports of U.S. retaliatory strikes against Iran dampened hopes for a quick end to the conflict, spurring risk-off dollar buying. Furthermore, solid dollar demand from Japanese importers tied to the "Got?-bi" settlement day briefly pushed the dollar-yen pair to 156.99 yen shortly after 9:50 a.m. However, wariness over potential yen-buying intervention by Japanese authorities capped the upside, and dollar buying subsided after the Tokyo fixing. The pair remained locked in the upper 156 yen range in afternoon trade as investors stayed sidelined ahead of the U.S. April payrolls report due later in the global session.

The euro traded at $1.1737, down approximately $0.0030 from late the previous day. Against the yen, the single currency stood at 184.08 yen, up more than 20 sen.

Source: MINKABU PRESS

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

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