In the European and U.S. foreign exchange markets on the 16th, USD/JPY is expected to hold up. Meanwhile, uncertainty over U.S. monetary policy could prompt dollar short-covering.
According to the outlook for the foreign exchange market on the 16th, USD/JPY is expected to hold up, with no major moves likely.
At the same time, uncertainty over U.S. monetary policy has been cited as a factor that could trigger dollar short-covering and may influence risk-averse trading.