kabutan

Dollar falls to 158.70 yen level on expectations of progress in Iran situation

Mon May 25, 2026 3:30 pm JST Currency

The dollar traded around 158.92 yen at 3 p.m. in Tokyo on Monday, down about 20 sen from 5 p.m. on Friday. The euro traded around 184.97 yen, up more than 20 sen against the Japanese currency.

The dollar stood around 158.90 yen at 9 a.m. and fell near 158.76 yen shortly after 10:20 a.m. U.S. President Donald Trump indicated on Saturday that an agreement with Iran to end hostilities "will be announced soon." As expectations for easing Middle East tensions grew, WTI crude oil futures temporarily fell to the $90 per barrel level on Monday morning Japan time. Dollar selling and yen buying gained momentum as safe-haven dollar buying unwound. However, Trump also posted on Sunday that he "instructed not to rush the agreement," and with outlook uncertainty remaining, the dollar recovered to the 158.90 yen level by 3 p.m.

The euro traded around $1.1639, up about 0.0030 dollars against the U.S. currency.

Source: MINKABU PRESS

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

Related Articles