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FX summary: Dollar rises to 159.40 yen level amid uncertainty over U.S.-Iran talks

Mon Jun 1, 2026 10:16 am JST Currency

The dollar-yen exchange rate in Tokyo trading on Monday was hovering around 159.46 yen as of 10:00 a.m., up about 0.20 yen from 5:00 p.m. on Friday.

The dollar-yen exchange rate in New York trading on May 29 closed at around 159.27 yen, up about 0.03 yen from the previous day. The pair lacked clear direction as market participants assessed the outcome of peace negotiations between the United States and Iran.

The dollar rose in Tokyo trading on Monday, touching 159.47 yen shortly after 9:50 a.m. U.S. news website Axios reported on May 30 that "U.S. President Trump requested revisions to the agreement proposal to end hostilities with Iran, demanding the inclusion of specific language regarding the disposal of highly enriched uranium," fueling renewed uncertainty and stoking safe-haven dollar buying.

The euro stood at around 1.1648 dollars against the greenback, up about 0.0010 dollars from 5:00 p.m. on Friday. Against the yen, the euro traded at around 185.73 yen, up about 0.35 yen.

Source: MINKABU PRESS

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

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