The dollar remains firm as observations suggest a soft landing for the US economy, with a phase where a rebound will be tested in the foreign exchange market next week.
October 4, 2024, 3:41 PM GMT+9 (excerpt)
Next week, the dollar/yen is expected to show a firm trend in the foreign exchange market. Although the current US economic indicators are mixed, there is a view that they enhance expectations of a soft landing for the US economy. Prime Minister Shigeru Ishiba's dovish stance is also expected to continue to support buying the dollar and selling the yen.
There are suggestions that if the US employment statistics to be announced tonight show strong results, it could easily strengthen the buying pressure on the dollar.
Next week's yen exchange rate may continue to decline after Prime Minister Ishiba's remarks.
There are suggestions that if the US employment statistics to be announced tonight show strong results, it could easily strengthen the buying pressure on the dollar.
Next week's yen exchange rate may continue to decline after Prime Minister Ishiba's remarks.
October 4, 2024 14:46 JST
Will the yen exchange rate rise next week? After Prime Minister Shigeru Ishiba stated that there is no environment to raise interest rates, the excessive depreciation of the yen is expected to continue due to the perspective that there will be a backlash of yen buying. In the USA, there is a high possibility of confirming a trend of inflation slowdown in the Consumer Price Index (CPI), which is likely to weigh on the dollar.
Will the yen exchange rate rise next week? After Prime Minister Shigeru Ishiba stated that there is no environment to raise interest rates, the excessive depreciation of the yen is expected to continue due to the perspective that there will be a backlash of yen buying. In the USA, there is a high possibility of confirming a trend of inflation slowdown in the Consumer Price Index (CPI), which is likely to weigh on the dollar.
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