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U.S. forex market summary: Dollar softens to 158.80 yen range but selling remains limited

Tue May 26, 2026 7:55 am JST Currency

The dollar closed around 158.91 yen in New York on Monday, down nearly 30 sen from late last week on greenback weakness. Meanwhile, the euro rose about 30 sen against the Japanese currency to trade around 185.02 yen.

With U.S. stock, bond, and commodity markets closed for the Memorial Day holiday, the dollar-yen pair saw lackluster movement. The greenback softened to 158.88 yen at one point amid optimism over U.S.-Iran negotiations, but selling remained limited as market participants stayed on the sidelines after an Iranian foreign ministry spokesperson stated that an agreement with the United States is "not imminent."

Against the U.S. currency, the euro traded around $1.1644, up about 0.0040 dollars from late last week.

Source: MINKABU PRESS

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

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