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Dollar trades around 159.90 yen, safe-haven demand rises amid Middle East tensions

Wed Jun 3, 2026 3:35 pm JST Currency

The dollar traded around 159.92 yen at 3:00 p.m. in Tokyo on June 3, firming just over 20 sen from 5:00 p.m. the previous day. The euro fetched around 185.81 yen, down about 20 sen.

The greenback temporarily approached the 160.00 yen mark shortly after 8:40 a.m., hitting a one-month high since April 30. Safe-haven dollar buying strengthened amid rising crude prices and escalating Middle East tensions, fueled by June 2 reports of ongoing Israeli attacks on Lebanon and a resurgence in fighting despite stalled U.S.-Iran peace talks. The dollar-yen pair eased to around 159.80 yen shortly after 10:40 a.m. before recovering to the 159.90 yen zone in the afternoon. Ahead, market attention is focused on an evening speech by Bank of Japan Governor Kazuo Ueda.

Against the U.S. currency, the euro stood at around 1.1618 dollars, down about 0.0030 dollars.

Source: MINKABU PRESS

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

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