Dollar-yen is expected to trade within a ¥156.50 to ¥157.50 range from tonight through tomorrow. The central banks of Japan, the United States and Europe are expected to hold policy meetings this week, with US long-term interest rates, crude oil and AI- and semiconductor-related stocks in focus.
In the foreign exchange market from tonight through tomorrow, dollar-yen is expected to trade in a narrow, directionless range, with an expected range of ¥156.50 to ¥157.50. Future price movements may change depending on the outcome of the central banks' policy meetings.
The central banks of Japan, the United States and Europe are all scheduled to hold policy meetings this week, and policy rates are generally expected to remain unchanged. However, a mood of waiting to assess the content of their press conferences has spread. Officially, movements in US long-term interest rates could determine the market's direction.
In the Middle East, the effects of the Houthis' attack on Saudi Arabia continue, and movements in US crude oil futures may weigh on the market at times. Along with US long-term interest rates, the US 2-year Treasury auction is also attracting market attention.
AI- and semiconductor-related stocks showed signs of consolidation last weekend. If risk aversion intensifies again, US Treasuries are likely to attract buying, potentially limiting dollar-yen's upside.