USD/JPY is expected to continue assessing the balance of upcoming factors, while Australia is scheduled to announce its monetary policy.
The focus of the market is the movement of USD/JPY, with the pair expected to continue weighing various factors to assess their relative strength. Caution over short-term movements is beginning to spread, while the extent of price movements is said to depend on the factors that emerge.
Australia is scheduled to announce its monetary policy, and the presence or absence of a policy change and the content of the statement are being viewed as factors for the broader market, including USD/JPY. Some expect the announcement to trigger a temporary market reaction.
Investors are watching for upcoming developments and trends in interest rates and economic indicators in each country. The currency market is expected to fluctuate depending on policy-related information.