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Foreign exchange summary: Yen weakens to 158.50 against dollar on Goto-day demand
The dollar stood at around 158.47 yen at 10:00 a.m. in Tokyo on the 15th, up approximately 55 sen from 5:00 p.m. yesterday. The currency hit 158.50 yen shortly after 9:50 a.m., supported by "Goto-day" demand from domestic importers and expectations that the Federal Reserve will delay interest rate cuts.
In New York on the 14th, the dollar closed at around 158.37 yen, up approximately 50 sen from the previous day. The dollar rose as high as 158.42 yen during the session, driven by a third consecutive monthly increase in April U.S. retail sales and an acceleration in the April import price index that exceeded market expectations. Resilient economic conditions and rising inflationary pressure in the U.S. continue to provide a floor for the greenback.
The euro stood at around 1.1656 dollars at 10:00 a.m. on the 15th, down approximately 0.0050 dollars from 5:00 p.m. yesterday. Against the yen, the euro traded at around 184.70 yen, down nearly 20 sen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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