In tomorrow's foreign exchange market, the forecast range for dollar-yen is ¥157.60-¥158.80, with comments from senior Federal Reserve Board officials in focus. Expectations for yen buying receded following reports that GPIF had not presented a report on its basic portfolio review, and the dollar strengthened against the yen into the evening.
In the foreign exchange market from tonight through tomorrow, dollar-yen is expected to trade in a range of ¥157.60-¥158.80. Comments from senior Federal Reserve Board officials have been cited as a key focus.
Some reports said that the Government Pension Investment Fund (GPIF) did not receive a report on the review of its basic portfolio at the management committee meeting it held in September. This was cited as reducing concerns about yen buying.
The market is expected to seek direction from comments by senior Federal Reserve Board officials, with dollar-yen expected to move within the range.
In actual trading, the dollar strengthened against the yen into the evening, reportedly rising to the ¥158.20 range.