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Dollar rises to 159.60 yen range amid renewed Iran tensions, upside limited

Thu May 28, 2026 3:38 pm JST Currency

The dollar traded around 159.55 yen in Tokyo on May 28, up approximately 20 sen from late Wednesday, as the U.S. currency strengthened against the yen. The euro traded around 185.07 yen, down more than 40 sen, as the single currency weakened against the yen.

The dollar-yen pair traded in the 159.40 yen range in early morning trading, before rising to around 159.64 yen shortly after 12:50 p.m. West Texas Intermediate (WTI) crude oil prices had temporarily fallen to the 87 dollars per barrel range the previous day on expectations of progress in Iran. However, reports on Thursday that U.S. forces attacked Iranian military facilities and Iran launched retaliatory strikes pushed WTI prices to the 92 dollars range in after-hours trading, triggering dollar buying and yen selling. Further gains were capped near the 160 yen level, however, due to wariness over potential yen-buying intervention by the Japanese government and the Bank of Japan.

The euro traded around 1.1598 dollars, down over 0.0040 dollars, as the common currency fell against the dollar.

Source: MINKABU PRESS

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

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