Overview
- At the 5 p.m. Tokyo quote, the yen stood at ¥159.59–¥159.61 per dollar, about ¥0.03 weaker than the prior day.
- The Strait of Hormuz, a key route for global oil, saw 40-plus countries including the UK and Japan discuss security, lifting supply hopes and prompting early dollar selling.
- That early move faded as persistent worries over Middle East tensions kept the market from finding a clear direction.
- After a Cabinet meeting, Finance Minister Satsuki Katayama said large exchange-rate swings are affecting daily life and pledged comprehensive measures.
- In New York trading later, the yen was quoted around ¥159.52–¥159.62 per dollar, pointing to a range-bound day across sessions.