Tomorrow's forex outlook: focus on U.S. ISM manufacturing index
The dollar is projected to trade within a range of 159.00 yen to 159.90 yen from tonight through Tuesday, with market focus locked on the U.S. May ISM manufacturing PMI and upcoming economic indicators.
The greenback continues to fluctuate near the mid-159 yen level, underpinned by high oil prices amid persistent uncertainty over U.S.-Iran negotiations to end hostilities. With geopolitical risks anchoring sentiment, investor attention turns to tonight's ISM manufacturing data, where the consensus forecasts an improvement to 53.1 from 52.7 in April.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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