Asian currencies drifted against the dollar as higher oil prices weigh on oil‑sensitive economies, but the U.S. dollar’s bullish stance against the yen remains intact.

Market data show the dollar slid 0.3% to 61.383 pesos while climbing 0.1% to 32.75 baht, reflecting pressure from rising oil prices driven by U.S.–Iran tensions. The yen, however, sits at 160.24, just below its March high of 160.46.

StoneX analyst Matt Simpson notes the dollar’s bias stays bullish as long as USD/JPY stays above 160— a level that could signal either a shallow dip or a deeper pullback. Breaking past this benchmark would require clearing the March‑high bump, after which the dollar might surge.

These movements signal that while energy‑driven pressure looms over Asian markets, the yen remains a key gauge for dollar strength. Investors watching currency volatility should monitor the 160 threshold, as its breach could prompt a sharp reassessment of dollar‑yen dynamics.