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FOREX-Dollar may test 160 yen mark in upcoming session
Market focus for the dollar-yen pair in upcoming sessions is expected to remain squarely on the situation in Iran. The anticipated trading band is 159.00 to 160.20 yen per dollar.
Negotiations between the United States and Iran aimed at ending the conflict in Pakistan failed to yield an agreement. U.S. President Trump has announced a "reverse blockade" of the Strait of Hormuz, with market participants closely monitoring whether this could spark broader conflict. Early on the 13th, the dollar advanced to the 159.80 yen level on broad greenback strength, making a potential test of the 160 yen threshold a key focal point. Later in the session, investors will also digest March U.S. existing home sales data.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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