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FX summary: Dollar trades near 159.00 yen, awaiting final draft of U.S.-Iran peace agreement

Fri May 22, 2026 10:19 am JST Currency

The dollar traded at around 159.09 yen in the Tokyo foreign exchange market as of 10:00 a.m. on May 22, up about 7 sen from 5:00 p.m. the previous day.

In the New York foreign exchange market on May 21, the dollar closed at around 158.98 yen, up about 6 sen from the previous day. The currency rose to 159.34 yen at one point on uncertainty over the Middle East outlook, but gains stalled after reports emerged suggesting progress in U.S.-Iran negotiations.

In the Tokyo market, the dollar traded near 159.00 yen as market participants awaited the final draft of a U.S.-Iran peace agreement. The April core consumer price index (CPI), which excludes fresh food, rose 1.4% year-on-year to mark the third consecutive month below 2%, though market reaction to the morning release was limited.

The euro traded at around 1.1614 dollars, up about 0.0007 dollars from 5:00 p.m. the previous day. Against the yen, the euro stood at around 184.77 yen, up about 20 sen.

Source: MINKABU PRESS

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

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