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Tomorrow's forex outlook: Dollar-yen may continue range-bound trading in mid-159 yen level

Wed May 27, 2026 5:31 pm JST Currency

The dollar-yen exchange rate is expected to remain range-bound around the mid-159 yen level from the night of May 27 through May 28, with a projected trading band between 158.90 and 159.80 yen.

While market participants remain focused on the situation in Iran and crude oil price movements, the currency pair lacks clear direction as traders stay on high alert for potential yen-buying intervention by Japanese authorities near the 160 yen threshold. On the economic calendar, the U.S. Richmond Fed manufacturing index for May is due later on May 27. However, with the high-stakes U.S. Personal Consumption Expenditures (PCE) price index for April scheduled for release on the evening of May 28, a wait-and-see stance is expected to take hold ahead of the Tokyo session on May 28.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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