Dollar trades around 159.90 yen, weighed down by intervention concerns

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Fri Jun 5, 2026 10:16 am JST Currency

The dollar traded around 159.96 yen at 10:00 a.m. in Tokyo on Friday, up about 7 sen from 5:00 p.m. on Thursday as the yen weakened.

In New York on Thursday, the dollar closed around 160.02 yen, down about 5 sen from the previous session. The pair temporarily dipped to 159.75 yen amid sliding U.S. crude oil futures but remained resilient due to lingering geopolitical uncertainty in the Middle East.

In Tokyo trading on Friday, the dollar faced upside resistance, hovering in the 159.90 yen range. Although dollar-buying sentiment prevailed, market participants remained wary of potential currency intervention by Japanese authorities. Finance Minister Satsuki Katayama's post-cabinet press conference remarks, reiterating that the government "will take appropriate action whenever necessary" against yen depreciation, capped the dollar's gains. Furthermore, a sharp drop in the Nikkei Stock Average dented investor sentiment, boosting the appeal of the safe-haven yen.

The euro fetched around 1.1613 dollars, up about 0.0010 dollars from Thursday at 5:00 p.m. Against the Japanese currency, the euro traded around 185.76 yen, up slightly over 20 sen as the yen softened.

Source: MINKABU PRESS

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