The yen continues to fight against historical lows, including the euro wave turmoil = next week's foreign exchange market
July 5, 2024 4:05 PM GMT+9 (some excerpts)
It seems that the battle and defense of the dollar/yen price range in the foreign exchange market next week will continue for the first time in 38 years. The US consumer price index (CPI) and US Federal Reserve (FRB) chairman Powell's congressional testimony are expected to influence the dollar, and the French political situation after the general election is alarmed as an uncertain factor for the euro.
The forecast range is 159-162 yen for the dollar and 1.06 to 1.09 dollars for the euro.
The summary of the proceedings of the June Federal Open Market Committee (FOMC) announced by the FRB on the 3rd was often taken as dovish, such as pointing out the risk of a slowdown in employment, and it was pointed out that “if a further cooling in the labor market becomes clear, the possibility that interest rates will be cut will increase” (foreign bank analyst). There is a lot of interest, including today's employment statistics.
The forecast range is 159-162 yen for the dollar and 1.06 to 1.09 dollars for the euro.
The summary of the proceedings of the June Federal Open Market Committee (FOMC) announced by the FRB on the 3rd was often taken as dovish, such as pointing out the risk of a slowdown in employment, and it was pointed out that “if a further cooling in the labor market becomes clear, the possibility that interest rates will be cut will increase” (foreign bank analyst). There is a lot of interest, including today's employment statistics.
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