FX Outlook for Tomorrow: Will the Dollar Fall to the \157 Level?

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Wed Apr 8, 2026 5:21 pm JST Currency

In the foreign exchange market from tonight through tomorrow, the focus will likely be on whether the dollar weakens further to the \157 level against the yen. The expected trading range is \157.50 to \158.80 per dollar.

U.S. President Trump took to social media on the evening of the 7th U.S. time (morning of the 8th JST), announcing a two-week suspension of large-scale military action against Iran. In response, crude oil futures plunged, triggering significant dollar weakness and yen strength in the currency market. The unwinding of "risk-on dollar buying" intensified, pushing the exchange rate to the \158.00 level during European trading hours. However, the dollar has shown resilience around the \158 level, and market participants are closely watching whether further dollar weakness and yen strength will emerge in tonight's European and U.S. sessions. The minutes from the March Federal Open Market Committee (FOMC) meeting are due for release tonight, along with a scheduled speech by San Francisco Federal Reserve President Mary Daly.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.