Dollar-Yen Recovers Amid Crude Oil Surge

The dollar-yen pair saw a significant recovery in New York trading on the 14th, closing at 159.40 after falling to 158.60 at one point.

The decline in US retail sales and consumer sentiment indices weighed heavily on the dollar, sparking initial selling.

However, crude oil prices surged due to concerns over supply disruptions in the Middle East, pushing up long-term interest rates and creating a supportive environment for the dollar.

The euro-dollar rose by 0.0033, while the pound-dollar appreciated by 0.0044.