https://t.co/gLiVQOW9v7 Understand in 5 Minutes! Morning FX News (April 21, 2026) SBI Securities Official Channel #AISummary Nissan’s AI Strategy and Current Status of Its Revival April 21 FX News Summary 🔳 Dollar/Yen Movement The dollar/yen traded sideways between 158.50 and 159.50, with conflicting factors—including tensions over Iran and the Strait of Hormuz, fluctuations in oil prices, concerns over potential intervention, and expectations that the Bank of Japan will hold off on rate hikes—resulting in a lack of clear direction. 🔳 Factors Pressuring Dollar/Yen Lower Uncertainty surrounding Iran-U.S. negotiations, a decline in equity markets, and remarks by former President Trump regarding Pakistan triggered risk-off sentiment, causing the pair to briefly drop to around 158.55. 🔳 Factors Supporting Dollar/Yen A rebound in oil prices and support from rising U.S. long-term yields—rather than from Bank of Japan policy—helped stabilize the dollar/yen, which ultimately closed near 158.82. 🔳 Euro/Dollar Movement The euro/dollar held firm in the mid-to-late 1.17 range, supported by declining oil prices and a stronger euro/yen, pushing it close to the 1.18 level—but it failed to break above. 🔳 Key Focus for the Euro Amid conflicting expectations and uncertainty regarding renewed U.S.-Iran negotiations, the euro/dollar finds support near 1.1746–1.1750; the key question is whether it can reclaim the 1.18 level. 🔳 Today’s Key Events Today’s focus is on UK employment data, Germany’s ZEW Economic Sentiment Index, and U.S. March retail sales. Notably, U.S. retail sales are expected to show strong numbers, factoring in tariff refunds and improved weather conditions. 🔳 Impact on Monetary Policy UK employment data and this week’s inflation indicators could influence the Bank of England’s policy decision next week, drawing significant market attention. 🔳 Overall Market Focus Both dollar/yen and euro/dollar are being shaped by the interplay of Iran-related geopolitical risks and hopes for progress in U.S.-Iran talks; new developments or diplomatic moves are likely to drive short-term price movements. 🔳 Technical Focus For dollar/yen, attention centers on the battle between the daily chart conversion line at 158.72 and the baseline at 158.98. For euro/dollar, the upper edge of the daily cloud at 1.1746 and the conversion line at 1.1750 are being watched as key support levels. 🔳 Equity Market Movement In New York, the Dow edged lower while Nasdaq also declined, weighed down by geopolitical risks and persistent uncertainty. 🔳 Overall Summary Today’s forex market reflects a complex interplay of geopolitical risks, oil prices, monetary policy expectations, and major economic data—resulting in muted directionality. However, new developments could trigger significant moves at any moment.