Last week, the dollar–yen dropped to 146.62 after falling sharply following the previous week’s jobs report. After that, it tried to recover some losses but could not reach 148 yen, showing it is hard for the dollar to go higher.
With news that President Trump may choose more pro–rate-cut members for the Federal Reserve, expectations for early interest rate cuts have grown. This week, the market is watching the U.S. CPI (Consumer Price Index) report closely. If the CPI is higher than expected, inflation concerns could reduce expectations for early rate cuts, which may push the dollar up. But since many still expect rate cuts, any rise may be limited.
Today’s expected range: 147.40 – 148.00 yen
This week’s expected range: 145.80 – 148.80 yen
Note: This information does not guarantee profits. Please make your own decisions when trading.