The dollar-yen pair is expected to remain range-bound from tonight through tomorrow, centered on the upper ¥157s. With US initial jobless claims and the July employment report due to be released, trading is expected to remain subdued.
The dollar-yen pair in the foreign exchange market is expected to remain range-bound from tonight through tomorrow, centered on the upper ¥157s. The expected range is ¥157.30 to ¥158.30 per US dollar.
US initial jobless claims are scheduled to be released tonight, followed tomorrow by the US July employment report. As a result, trading is expected to remain subdued.
With concerns about coordinated intervention by Japan and the US continuing, the market is expected to keep moving back and forth.
The source cited is MINKA.