kabutan

Foreign exchange summary: Dollar rises to 157.70 yen on widening US-Japan rate gap expectations

Wed May 13, 2026 10:13 am JST Currency

The dollar was trading around 157.71 yen in the Tokyo foreign exchange market at 10:00 a.m. on May 13, up about 0.20 yen from 5:00 p.m. the previous day.

In New York on May 12, the dollar ended at around 157.63 yen, up approximately 0.45 yen from the prior session. The U.S. Consumer Price Index (CPI) for April exceeded market expectations, fueling inflation concerns and temporarily pushing the pair to 157.76 yen.

Following a rise in U.S. Treasury yields, dollar buying and yen selling dominated the Tokyo market as investors anticipated a widening interest rate differential between the U.S. and Japan. Although the dollar briefly weakened to the 157.50 yen level in morning trade, concerns over Japan's deteriorating trade balance?exacerbated by elevated U.S. crude oil futures?encouraged further yen selling. The pair reached 157.76 yen shortly after 9:50 a.m.

The euro stood at approximately 1.1738 dollars, down about 0.0010 dollars from 5:00 p.m. the previous day. Against the yen, the euro was trading around 185.12 yen, up about 0.10 yen.

Source: MINKABU PRESS

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

Related Articles