Currency outlook: Dollar-yen expected to remain range-bound around upper 159 yen level
The dollar-yen pair is expected to remain range-bound in the upper 159 yen zone through tomorrow, with a projected trading range of 158.80 yen to 159.70 yen.
US President Trump announced on the 21st that the ceasefire with Iran would be extended until negotiations conclude, though crude oil prices remain elevated as the US Navy continues its blockade of Iranian ports and coastal areas. The lack of a specific deadline has added uncertainty to the outlook. Against this backdrop, markets are expected to monitor developments through tomorrow, keeping the dollar-yen in a narrow range. No major economic indicators are scheduled for release tonight, though Tesla
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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