Analysts expect the US Dollar Index to reverse recent gains and settle between 96.00 and 100.00 following stabilization post-intervention concerns.
The US Dollar Index (DXY) is projected to return to a 96.00–100.00 range after stabilizing from a sharp sell-off tied to suspected USD/JPY intervention. The broader dollar rally since May is seen as likely over, according to market analysis.
Prior to the sell-off, the DXY had climbed steadily, reflecting expectations of US monetary policy divergence. The index’s recent volatility followed speculation about currency market interventions, though no official confirmation was provided.
Markets are now adjusting to the prospect of a weaker dollar trajectory, with the 96.00–100.00 range serving as a key support zone for the near term.