The dollar-yen pair is expected to have difficulty moving decisively in one direction tomorrow ahead of the release of US inflation data. The forecast range is ¥152.50–¥154.00, while expectations for a Bank of Japan rate hike will be the market’s focus.
The dollar-yen pair in the foreign exchange market from tonight through tomorrow is expected to have difficulty moving actively ahead of the release of US inflation data. Expectations that the Bank of Japan will accelerate the pace of rate hikes are supporting persistent yen-buying pressure, while investors are expected to refrain from adding to positions ahead of the release. The forecast range is ¥152.50–¥154.00 per dollar.
Kyodo News reportedly reported on 8 September that the Bank of Japan plans to raise its policy rate from around 1.0% to around 1.25% at its monetary policy meeting to be held on 17–18 September. This could heighten market focus on the Bank of Japan’s rate-hike policy.