Ahead of the release of the U.S. September ISM manufacturing index, dollar-yen will be in focus in tomorrow's foreign exchange market. The forecast range is expected to be around ¥158 per dollar.
The U.S. September ISM manufacturing index will be closely watched in foreign exchange markets from tonight through tomorrow. Market participants expect dollar-yen to move depending on the result. The forecast range is ¥157.70–¥158.80 per dollar.
Regarding developments in Japan the previous day, views spread that the BOJ Tankan and the main opinions from the BOJ monetary policy meeting did not support an additional rate hike, sending the dollar into the lower ¥158 range. The market could fluctuate again depending on upcoming releases this year.
In addition to U.S. releases, attention is expected to focus on speaking opportunities for Minneapolis Fed President Kashkari, Fed Vice Chair Jefferson and New York Fed President Williams. These factors could determine the market's direction.
The content summarizes a report carried by LiveDoor News based on coverage from MINKABU PRESS.