Tomorrow's currency outlook: Focus remains on Iran situation
The dollar-yen pair is expected to trade between 159.10 yen and 159.90 yen through Wednesday, remaining heavily influenced by the ongoing situation in Iran.
The greenback briefly touched the 159.70 yen level on Tuesday, lifted by lingering uncertainty over Iran and elevated crude oil prices. Market attention will stay pinned on geopolitical developments and energy costs, ahead of the U.S. April Job Openings and Labor Turnover Survey (JOLTS) data due later in the day and an upcoming speech by Bank of Japan Governor Kazuo Ueda on Wednesday.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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