Dollar trades around 160.30 yen, yen weakens on Middle East tensions but dollar gains limited
The dollar-yen exchange rate in Tokyo trading stood at around 160.34 yen as of 3:00 p.m. Wednesday, up slightly more than 0.10 yen from 5:00 p.m. Tuesday. The euro traded at around 185.26 yen, up about 0.40 yen.
The dollar-yen pair hovered around the 160.30 yen range. Following the downing of a U.S. military helicopter, the U.S. military announced Wednesday (Japan time) that it had launched strikes against Iran. In response, concerns over rising crude oil prices briefly drove the dollar-yen pair to near 160.43 yen shortly after 9:50 a.m. It was also reported that Iran attacked a U.S. military base in Jordan. However, dollar gains were capped as WTI crude prices struggled to gain momentum in after-hours trading Wednesday. A wait-and-see stance intensified ahead of the release of the U.S. Consumer Price Index (CPI) for May due later tonight.
The euro traded at around 1.1554 dollars against the greenback, up slightly more than 0.0010 dollars.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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