kabutan

FX Outlook: Markets Eye Developments in Iran

Tue Apr 7, 2026 5:41 pm JST Currency

In the foreign exchange market, the dollar/yen rate is expected to remain focused on developments surrounding Iran through tonight and into tomorrow, with the anticipated trading range set at \159.00?\160.20 per dollar.

At a press conference on April 6th, U.S. President Trump stated that negotiations with Iran are "progressing well," while warning of his intention to destroy bridges and power plants should Iran fail to comply. Market attention is firmly trained on whether meaningful progress in negotiations can be achieved before the deadline of 9:00 a.m. Japan Standard Time on April 8th (8:00 p.m. Eastern Time on April 7th). Although the dollar/yen rate has repeatedly encountered selling pressure near the \160 level, participants are closely watching whether further safe-haven dollar buying will materialize and push the pair through this resistance. On the data front, U.S. February durable goods orders are among the releases scheduled for tonight. Fed speakers include New York Fed President Williams and Fed Vice Chair Jefferson.

Source: MINKABU PRESS

Related Articles