Foreign exchange summary: Dollar trades near 159 yen as optimism over Middle East situation fades, prompting dollar buying

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Tue May 26, 2026 3:34 pm JST Currency

The dollar was trading around 159.02 yen in the Tokyo foreign exchange market as of 3:00 p.m. on May 26, up approximately 6 sen from 5:00 p.m. the previous day. The euro stood at around 184.92 yen, down roughly 7 sen over the same period.

Geopolitical tensions in the Middle East resurfaced following reports of Iranian casualties from U.S. and Israeli strikes, rekindling safe-haven demand for the dollar and lifting the dollar-yen pair. Meanwhile, Bank of Japan Deputy Governor Ryozo Himino told the House of Councillors Financial Affairs Committee on May 26 that real interest rates remain extremely low, reiterating the central bank's intention to continue raising its policy rate in accordance with economic, price, and financial conditions. Expectations of an early rate hike in June lent support to the yen. While the dollar-yen pair hovered below the 159 yen mark during the morning, it edged higher in afternoon trading.

Against the greenback, the euro traded at around 1.1627 dollars, down approximately 0.0010 dollars.

Source: MINKABU PRESS

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