From tomorrow onward, the dollar-yen pair is expected to remain focused on the ¥160 level, with an expected range of ¥159.30-¥160.30. Concern over intervention by the government and the Bank of Japan could intensify.
In the dollar-yen market from tonight into tomorrow, the pair is likely to remain focused on the ¥160 level. The expected range is ¥159.30-¥160.30 per dollar, and price movements are expected to again focus on ¥160.
US initial jobless claims are due tonight, while remarks by several officials, including Fed Governor Barr, are expected to influence the market. This could heighten concern over currency intervention by the government and the Bank of Japan at higher levels.
Overall, the dollar-yen pair is expected to test the ¥160 level again, with situations in which expectations of intervention intensify also likely to emerge.