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Dollar firms as US Iran talks stall and yen hovers near 160
Economy
Published on 29 April 2026
Investors watch the yen at 160 while oil surges
The U.S. dollar rose after hopes of progress in U.S.-Iran talks faded, leaving markets focused on geopolitical risk. The Japanese yen was pinned near 160 ahead of the Bank of Japan’s policy decision. Oil prices climbed as the Strait of Hormuz stayed effectively closed, and traders turned to upcoming central bank meetings for clues on economic damage and interest-rate paths.
- Dollar strengthened as US-Iran talks hit a setback
- Yen stays near 160 ahead of Bank of Japan decision
- Oil rose on Strait of Hormuz remaining effectively closed
- Markets await central bank signals on rates and growth impact
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times