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Dollar rises to 159.30 yen range on renewed safe-haven demand amid Middle East tensions

Wed May 27, 2026 7:55 am JST Currency

The dollar closed around 159.30 yen in the New York foreign exchange market on May 26, up about 0.40 yen from the previous day. The euro traded around 185.26 yen, up about 0.25 yen from the previous day.

The U.S. Central Command carried out defensive strikes in southern Iran on May 25, which Iran's Foreign Ministry condemned as a serious ceasefire violation. As expectations for progress in negotiations to end the conflict between the two countries receded, safe-haven dollar buying reemerged. The Conference Board's U.S. Consumer Confidence Index for May also exceeded market expectations, providing additional support for the dollar and lifting the pair to as high as 159.38 yen at one point. While gains subsequently paused amid caution over potential currency intervention by Japanese authorities, the pair remained firm against the backdrop of geopolitical uncertainties in the Middle East.

The euro traded around 1.1631 dollars, down slightly more than 0.0010 dollars from the previous day.

Source: MINKABU PRESS

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

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