Attention will focus on the announcement of the Bank of Japan's Monetary Policy Meeting results from tonight through tomorrow, with the dollar-yen outlook expected to be in the ¥157.30–¥158.60 range.
Movements in the dollar-yen exchange rate will be closely watched in the foreign exchange market from tonight through tomorrow. Ahead of the announcement of the Bank of Japan's Monetary Policy Meeting results, investors will be watching how the market responds.
The market widely expects the policy rate to remain unchanged. Attention is also focused on the Outlook Report to be released at the same time and on the content of Bank of Japan Governor Kazuo Ueda's (植田 和男) press conference.
Market participants want to assess the response if new information emerges, while the current expected range is approximately ¥157.00–¥158.60 per dollar.
The results of the BOJ meeting could affect short-term foreign exchange movements, and the Outlook Report and the Governor's comments are likely to influence subsequent market formation.