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FX Outlook: Focus on U.S.-Iran ceasefire negotiations
The dollar/yen exchange rate is expected to remain centered on developments in the Iran situation from tonight through tomorrow, with a forecast range of 158.60 to 159.70 yen.
US President Trump stated on the 20th that the likelihood of extending ceasefire negotiations with Iran is extremely low, noting that the deadline is set for the night of the 22nd Eastern Time (the morning of the 23rd Japan time). Market attention is focused on whether US-Iran negotiations will take place in Pakistan ahead of the deadline, as any progress toward peace would likely impact sentiment. Key events tonight include the release of US retail sales for March and a Senate Banking Committee confirmation hearing for Kevin Warsh, the nominee for Federal Reserve chair.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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