The dollar rose from the low 142 yen range to around 143.15 yen as stock markets in Japan, the U.S., and Europe moved up, showing a “risk-on” mood.
Later, in New York trading, U.S. economic data (GDP and jobs report) was weaker than expected, and the dollar fell back to the mid-142 yen range.
However, when the U.S. stock market (Dow) turned positive after a weak start, the dollar rose again and closed above 143 yen.
Today, the Bank of Japan will hold a meeting. Some people think Japan may talk positively about raising interest rates because of the tariff situation.
But if the Bank continues its careful attitude like before, people may be disappointed, and the yen may weaken.
Also, a U.S. report on factory activity will be released in New York time today.
If the result is weak like yesterday, the dollar may fall against the yen again.
Dollar-Yen forecast range: 141.90 yen – 143.70 yen
Note: This information does not guarantee profits. Please make your own decisions when trading.