Next week, the yen exchange rate is expected to fluctuate around 150 yen per dollar with no significant indicators to provide direction.
Oct. 18, 2024 15:24 JST (excerpt).
Next week, the yen exchange rate is likely to move around 150 yen per dollar. Attention will be on the extent of the dollar strength and yen weakness after surpassing a psychological milestone, with no major indicators on US inflation and employment planned, as the US presidential election approaches and active trading is avoided. Sept. 21: International Monetary Fund (IMF) and World Bank annual meeting (until the 26th), US leading economic indicators for September, statements by the Federal Reserve Bank of Dallas, Minneapolis, and Kansas City.
On the 22nd: IMF announces the world economic outlook, 10-year GX national bond auction, Bank of Japan discloses "indicators to capture the underlying inflation rate", President of the Philadelphia Federal Reserve Bank makes a statement.
On the 23rd: G20 Finance Ministers and Central Bank Governors' Meeting (until the 24th), US existing home sales in September, Beige Book, Fed Governor Bowman and President of the Richmond Federal Reserve Bank make statements.
On the 24th: 20-year bond auction, US initial jobless claims, October US Purchasing Managers Index (PMI) for manufacturing and services, US new home sales in September, President of the Cleveland Federal Reserve Bank makes a statement.
On the 25th: Consumer Price Index for goods and services in Tokyo metropolitan area in October, US durable goods orders in September.
Next week, the yen exchange rate is likely to move around 150 yen per dollar. Attention will be on the extent of the dollar strength and yen weakness after surpassing a psychological milestone, with no major indicators on US inflation and employment planned, as the US presidential election approaches and active trading is avoided. Sept. 21: International Monetary Fund (IMF) and World Bank annual meeting (until the 26th), US leading economic indicators for September, statements by the Federal Reserve Bank of Dallas, Minneapolis, and Kansas City.
On the 22nd: IMF announces the world economic outlook, 10-year GX national bond auction, Bank of Japan discloses "indicators to capture the underlying inflation rate", President of the Philadelphia Federal Reserve Bank makes a statement.
On the 23rd: G20 Finance Ministers and Central Bank Governors' Meeting (until the 24th), US existing home sales in September, Beige Book, Fed Governor Bowman and President of the Richmond Federal Reserve Bank make statements.
On the 24th: 20-year bond auction, US initial jobless claims, October US Purchasing Managers Index (PMI) for manufacturing and services, US new home sales in September, President of the Cleveland Federal Reserve Bank makes a statement.
On the 25th: Consumer Price Index for goods and services in Tokyo metropolitan area in October, US durable goods orders in September.
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