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Tomorrow's forex outlook: dollar-yen may continue to fluctuate around 159 yen level
The dollar-yen exchange rate in the foreign exchange market from tonight through tomorrow is expected to continue moving around the 159 yen level. The anticipated range is 1 dollar = 158.60 to 159.80 yen.
With the Iranian situation remaining highly uncertain and crude oil prices staying elevated, the dollar-yen exchange rate has been fluctuating back and forth around 159 yen. With currency intervention also being watched for at the 160 yen level, the current situation makes it difficult for the rate to move significantly in either direction. Tonight, there are no notable economic indicators scheduled for release overseas, and attention is focused on the speech by Federal Reserve Board Governor Waller. The G7 Finance Ministers and Central Bank Governors' Meeting is being held through the 19th.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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