Dollar-yen is the focus of the New York FX outlook, with the September consumer confidence index and comments from senior Fed officials attracting attention as factors to watch going forward.
Dollar-yen is expected to be the main focus of the latest New York market outlook, with the release of the September consumer confidence index cited as a key point of interest for market participants. The index result could affect dollar-yen trading in the short term.
Comments from senior Fed officials are also drawing attention, with their remarks on interest-rate policy and the economic outlook potentially influencing the foreign-exchange market. Depending on the substance of the comments, the dollar could strengthen or weaken.
Against this backdrop, the outlook for the market is expected to center on the September consumer confidence index and comments from Fed officials. Market participants are said to be maintaining an approach of repeatedly checking these factors before making investment decisions.