Forex outlook: Focus on key statements at G20 meeting
The dollar-yen rate is expected to focus on remarks from key officials through tomorrow. The projected trading range is 159.00-160.20 yen per dollar.
Comments from Federal Reserve Chair Warsh at the Jackson Hole conference were interpreted as hawkish, briefly pushing dollar-yen above 160 yen. However, the pair softened to the mid-159 yen range in afternoon European trading. With the G20 Finance Ministers and Central Bank Governors Meeting scheduled from Aug. 31 through Sept. 1, market participants are closely watching statements from key officials.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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