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Dollar-yen forecast: U.S. April PPI in focus
The dollar-yen exchange rate in the foreign exchange market from tonight through tomorrow is likely to be influenced by the U.S. April Producer Price Index (PPI) and other factors to be released tonight. The expected range is 157.00 to 158.20 yen per dollar.
The U.S. April Consumer Price Index (CPI) released the previous day exceeded market expectations, raising speculation in the market that the Federal Reserve Board (FRB) will keep its policy rate unchanged for the rest of the year and may even move to raise rates depending on circumstances. The U.S. April PPI, which will be released subsequently, is also likely to draw attention. The market expects a 4.8% increase year-on-year (compared to 4.0% in the previous month). Tonight, Minneapolis Fed President Kashkari and others are scheduled to speak.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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