[Foreign Exchange: Today's Key Drivers] Dollar-Yen Pair to Trade in a Range as Conflicting Factors Make Direction Difficult to Establish (28th) (Jiji Press)

In the Tokyo market on the 28th, dollar-yen was influenced by a mix of positive and negative factors, making its direction difficult to establish. For now, it is expected to trade sideways mainly around the low ¥157 range per dollar.

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The story

In the Nikkei-related market on the 28th, dollar-yen is expected to lack a clear direction amid mixed market factors.

Market participants pointed out that the range could change depending on forthcoming developments, with trading expected to center on the low to mid-¥157 range per dollar.

At a glance

CurrencyDollar-yen expected to trade sideways

Date28th

LevelExpected to center on the low to mid-¥157 range per dollar

NatureDifficult to establish a clear direction amid mixed market factors

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