Commodities
Dollar-Yen Pauses Advance Amid Middle East Turmoil, Crude Oil Price Support
The dollar-yen pair has paused its upward momentum in the Tokyo foreign exchange market, easing slightly from the day's high of 158.73 yen but holding firm in the upper 158 range.
This stabilization comes as expectations for prolonged Middle East turmoil continue to underpin crude oil prices, with NYMEX WTI futures trading firmly in the $84 per barrel range.
Market participants are closely watching developments in the Middle East, crude oil inventory data, and U.S. long-term interest rates, which have been driving dollar buying sentiment.