Today's foreign exchange market will focus on Governor Ueda's (植田) remarks, movements in US long-term interest rates, and the direction of the US dollar, Japanese yen and euro. Attention will also be focused on market developments including Japanese and US auctions and remarks by Federal Reserve officials.
Today's scheduled market events include remarks (greetings) by Governor Ueda (植田), which could provide market cues on the future course of the Bank of Japan's monetary policy. Movements in US long-term interest rates are also expected to influence market direction, including dollar-yen and euro-dollar trading.
In the United States, several major events are scheduled, including the trade balance at 21:30, remarks by New York Fed President Williams (ウィリアムズ) at 22:05, remarks by Federal Reserve Vice Chair Bowman (ボウマン) at 23:45, and a 3-year Treasury auction at 26:00. These are viewed as market cues that could affect risk sentiment and interest rate expectations.
In Japan, the focus will be on the 10-year Japanese government bond auction at 12:35 and remarks by Governor Ueda (植田) at 15:35. Together with overseas events, these are expected to affect the Bank of Japan's policy course and the market's sensitivity to interest rates.
Among today's US-related market cues, the September FOMC minutes are scheduled for release tomorrow, with the next release scheduled for 28 October. The minutes release is drawing closer. Movements in US long-term interest rates and the direction of the dollar, yen and euro are positioned as the market's main focuses at the start of the week.