Yen Hovers in Low ¥159s per Dollar in New York Trading

Overview

• In late New York trade, the yen stood near ¥159.21 to ¥159.31 per dollar, marking a modest slide from the prior day.
• The dollar briefly fell after a U.S.–Iran ceasefire announcement, then buyers returned as tension in the region lingered.
• Traders said March U.S. consumer prices rose on higher oil costs, but the report matched forecasts and drew a muted reaction in currencies.
• Across both Tokyo and New York sessions, the yen stayed in the low ¥159 range as investors sought the dollar for perceived safety during geopolitical stress.
• Market participants now look to updates on ceasefire negotiations as the likely trigger for the next decisive move in the yen-dollar pair.