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FX summary: Dollar-yen trades in upper 159 yen range as dollar demand clashes with intervention concerns

Fri Jun 5, 2026 3:10 pm JST Currency

The dollar fetched around 159.96 yen at 3:00 p.m. on Friday in Tokyo, up about 7 sen from Thursday's 5:00 p.m. level.

The dollar-yen pair hovered in the upper 159 yen range. Persistent dollar buying, fueled by a lack of concrete progress in talks to end U.S.-Iran hostilities, was offset by caution over potential currency intervention by Japanese authorities, capping the upside. While the pair eased slightly after the mid-rate fixing around 9:55 a.m., the yen's gains were short-lived on expectations that high oil prices would worsen Japan's trade balance. The market lacked clear direction in the afternoon as traders squared positions ahead of the U.S. jobs report for May, scheduled for release tonight Japan time.

The euro traded at around 1.1615 dollars, up about 0.0010 dollars from Thursday's 5:00 p.m. level. Against the yen, the single currency fetched around 185.80 yen, up about 25 sen.

Source: MINKABU PRESS

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

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