The yen is expected to find support around ¥158 against the dollar next week, with concerns about official intervention likely to intensify if it falls below that level. Uncertainty over the situation in Iran during the extended holiday period and the scheduled US-China summit could drive market volatility.
The yen is said to be finding support around ¥158 against the dollar next week, with views that concerns about intervention will rise if it falls below that level.
International events, including uncertainty over the situation in Iran during the extended holiday period and the scheduled US-China summit, have been cited as potential drivers of market volatility.
The article also includes comments from Aozora Bank Chief Market Strategist Shoga Akira (諸我晃) and SMBC Nikko Securities Senior Interest Rate and Foreign Exchange Strategist Maruyama Rinto (丸山凜途).
The Bloomberg article provides information on the outlook for next week and key scheduled events.