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Currency outlook: yen may weaken toward 160 level against dollar
The dollar-yen pair in the foreign exchange market from tonight through tomorrow is expected to focus on whether the yen will weaken toward the 160 level. The expected trading range is 158.40-159.50 yen per dollar.
Today, dollar buying and yen selling intensified, with the pair temporarily advancing to the 159.00 yen level, driven by rising U.S. interest rates, higher crude oil prices, and speculation over the issuance of deficit-financing bonds in the fiscal 2026 supplementary budget. Amid heightened vigilance over potential currency intervention, market participants will closely watch whether further dollar appreciation and yen depreciation will occur heading into tomorrow. Tomorrow, Japan will release its preliminary GDP figures for the January-March quarter. From today through tomorrow, the G7 finance ministers and central bank governors meeting will take place.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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