This Week's Market - April 15, 2026 (Wednesday)

The USD/JPY ultimately saw the breakdown of negotiations between Iran and the United States, with safe-haven dollar buying becoming dominant. However, after reports emerged that 'a second round of talks aimed at ending hostilities between the US and Iran could be held as early as this weekend' and 'Iran is considering suspending shipments through the Strait of Hormuz to avoid a collapse in negotiations,' WTI crude oil futures prices plunged to around $91.06 per barrel, leading to rising stocks and a weaker dollar.

USD/JPY is declining, capped by a descending trend line, but with a support line nearby, it may be approaching a temporary bottom and could be on the verge of bouncing back. If the resistance at 158.96 begins to act as support, another rise toward 160 looks likely to begin.