Outlook for tomorrow's exchange rate: attention to ISM non-manufacturing business sentiment index, index ETF, etc.

The foreign exchange market's USD/JPY exchange rate overnight to tomorrow is expected to attract attention, including the ISM non-manufacturing business conditions index. The forecast range is 155.50-156.50 yen per dollar. On the 4th, in the New York market, the dollar weakened and the yen strengthened to the 154.50 yen level briefly. However, since moving to the Tokyo market on the same day, dollar buying has become dominant and has returned to 156 yen in European hours.

Minkabu05:07 ET

Ichimoku Cloud Analysis: GBP/USD, XAU/USD, USD/JPY

GBP/USD is correcting after breaching the upper boundary of the Triangle pattern

FXStreet03:58 ET

Dollar Crisis Warning: The US economy is weak, and non-farm data will trigger the market!

The US economy has not shown any major danger signals, but some small worries are accumulating. The manufacturing PMI was in contraction range on Monday. As weak economic data gives the Federal Reserve a strong inclination towards loose policies, the dollar is declining. This Friday, the dollar will face the challenge of May's non-farm employment data.

FX678 Finance03:26 ET

Outlook for the future: Reacting to weaker US indicators from the beginning of the week, today is the US ADP employment statistics and ISM non-manufacturing index.

This week, the focus is on the US employment index etf, and daily US economic statistics are being released. On Monday, the ISM manufacturing index etf was unexpectedly weak. Yesterday, JOLTS job openings decreased significantly from 8.355 million (revised downward from 8.488 million) to 8.059 million. On Monday, the manufacturing PMI final value was revised upward, but the market showed a trend of dollar weakness.

Minkabu03:02 ET

Forex strategists' survey: If the US Federal Reserve cuts interest rates, the US dollar will weaken in the next year.

Forex strategists believe that the recent sustained strengthening of the US dollar will give way to a slight weakening in the next 12 months. They generally believe that the US dollar is overvalued.

Zhitong Finance02:50 ET

How long will the dollar remain high? It has been at the highest level since the 1980s.

The foreign exchange market has been dominated by a strong dollar for the past 10 years. However, no kingdom can last forever.

Dow Jones01:36 ET