USD/JPY is expected to continue moving within a narrow range centered on the upper ¥157s tomorrow, with a projected range of ¥157.50–¥158.50. The market is expected to remain on the sidelines ahead of the US FOMC meeting.
In tomorrow's foreign-exchange market, USD/JPY is expected to move within a narrow range centered on the upper ¥157s, with a projected range of ¥157.50 to ¥158.50. Market participants are closely watching US interest-rate trends while monitoring developments from tonight onward.
The US Federal Open Market Committee (FOMC) will meet from tonight through tomorrow. While unchanged policy rates are the main expectation, some market participants expect a rate hike in December. Attention is focused on comments from Chair Warsh and others.
In addition, the US October consumer confidence index and September durable goods orders are scheduled for release as key US indicators, and Israel's general election is also scheduled to take place.