Dollar/yen outlook: Focus on U.S. August ISM manufacturing index and other data
The dollar is expected to hover around the 160 yen level from tonight through tomorrow, with market focus on August U.S. ISM manufacturing data and other economic indicators. The projected trading range is 159.50 to 160.50 yen.
Hawkish remarks by Federal Reserve Chair Warsh at the Jackson Hole symposium further heightened focus on U.S. monetary policy, reinforcing dollar strength against the yen. Against this backdrop, the ISM manufacturing index is set for release tonight, with expectations for a slight easing to 55.2 from 55.6 in July. July Job Openings and Labor Turnover Survey (JOLTS) data will also be released. Tomorrow, Bank of Japan Policy Board Member Hajime Takata is scheduled to speak, with markets closely watching his remarks.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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