If stock depreciation resumes, determine the appreciation of the yen and the real US economy = this week's foreign exchange market

8/13/2024 8:07 AM GMT+9 (some excerpts)

It seems that the dollar/yen in the foreign exchange market this week will continue to develop in view of investors' risk mentality. If the Japan-US stock prices fall sharply again, it is expected that yen buybacks due to holding compression will be more likely to intensify. Economic indicators other than the US Consumer Price Index (CPI) announced on the 14th are also attracting attention in order to determine the US economy, where voices of recession warning have also begun to rise.
The forecast range is 145 to 150 yen for the dollar and 1.08 to 1.10 dollars for the euro.
The dollar fell 6.2 yen from the 147 yen level to the 141 yen level the previous week, and it was a drastic drop after 8.8 yen the previous week. Although the 7-month low of 141 yen, which was set on the 5th, has returned to the bottom, the sluggish return is conspicuous compared to the downward momentum.