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Foreign exchange summary: Dollar rises to 158.90 yen level as U.S. yields move higher in off-hours trading

Mon May 18, 2026 10:16 am JST Currency

The dollar traded around 158.93 yen as of 10:00 a.m. in Tokyo on May 18, up approximately 0.50 yen from 5:00 p.m. on the previous Friday.

In New York on May 15, the dollar closed around 158.74 yen, up nearly 0.40 yen from the previous day. Rising U.S. long-term interest rates, driven by mounting inflationary pressures from higher oil prices, fueled dollar buying, lifting the currency to 158.84 yen at one point.

In off-hours trading, U.S. yields rose further, prompting widespread dollar buying and yen selling in Tokyo on expectations of a widening interest rate differential between Japan and the United States. Concerns that persistently high oil prices will deteriorate Japan's trade balance also weighed on the yen, pushing the dollar to 158.95 yen shortly after 9:50 a.m.

The euro fetched around 1.1611 dollars, down approximately 0.0025 dollars from 5:00 p.m. last Friday. Against the yen, the single currency traded around 184.55 yen, up nearly 0.20 yen.

Source: MINKABU PRESS

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

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