Dollar rises to 159.90 yen range against yen on strong U.S. job openings data
The dollar closed around 159.91 yen in New York on Tuesday, up approximately 0.25 yen from the previous session. The euro stood around 185.99 yen, up about 0.30 yen, as the Japanese currency weakened across the board.
Safe-haven dollar buying prevailed amid uncertainty over U.S.-Iran negotiations to end hostilities, alongside continued Israeli attacks on Hezbollah, the pro-Iranian militant group in Lebanon. The greenback was also supported by the U.S. Labor Department's Job Openings and Labor Turnover Survey (JOLTS) released on Tuesday, which showed April job openings hit a near two-year high. The dollar-yen pair rose to as high as 159.99 yen at one point. Although the rally later paused on caution over potential intervention by Japanese currency authorities, the yen remained under selling pressure on expectations that rising U.S. crude oil futures would increase energy import costs and worsen Japan's trade balance.
The euro traded around 1.1631 dollars, flat from the previous session.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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