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Tomorrow's Currency Market Outlook: Focus on Middle East Situation and Crude Oil Prices
The dollar-yen exchange rate in the foreign exchange market from tonight through tomorrow is expected to continue focusing on the Middle East situation and crude oil prices. The expected trading range is \159.20 to \160.20 per dollar.
Earlier in the day during Asian morning hours, the dollar temporarily reached around \160.47, marking the highest dollar level against the yen in approximately one year and eight months. Against the backdrop of escalating tensions in the Middle East, crude oil prices in off-hours trading rose to the $103 per barrel range, with "risk-off dollar buying" dominating the market. However, heightened concerns over potential foreign exchange intervention by the government and the Bank of Japan led to a pullback toward \159.50 by the evening. From tonight through tomorrow, trading is likely to remain sensitive to developments in the Middle East and crude oil markets. Tonight, Federal Reserve Chairman Jerome Powell is scheduled to participate in a panel discussion, and New York Fed President John Williams also has a speaking opportunity. Tomorrow, the March Tokyo-area Consumer Price Index (CPI) will be released.
Source: MINKABU PRESS
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