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Tokyo forex: Dollar rises to upper 159 yen level as U.S. crude futures gain in off-hours trading

Fri May 22, 2026 3:34 pm JST Currency

The dollar stood at around 159.13 yen in Tokyo at 3:00 p.m. on May 15, up about 10 sen from 5:00 p.m. the previous day, with the greenback firmer against the yen.

Although Middle Eastern media reported on May 21 that the U.S. and Iran had finalized a draft agreement mediated by Pakistan to be officially announced within hours, skepticism persisted that the gap between the two nations had been fully bridged, keeping the market on the sidelines. While a surging Nikkei Stock Average prompted risk-on dollar buying, upside was capped by caution ahead of the U.S. market closure on May 25 for the Memorial Day holiday. Nevertheless, the dollar touched 159.14 yen shortly after 2:50 p.m., lifted by firmer U.S. crude futures in electronic trading.

The euro stood at around 1.1609 dollars, up about 0.0002 dollars from 5:00 p.m. the previous day. Against the yen, the common currency traded at around 184.74 yen, up about 15 sen.

Source: MINKABU PRESS

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

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