USD/JPY has been approaching ¥158, putting the FOMC statement and the Federal Reserve Chair's press conference in the market spotlight. The article provides a video covering the previous day's review and the outlook for the day ahead.
The previous day's USD/JPY rose to around ¥157.98 as dollar buying and yen selling prevailed following a rebound in the Nikkei 225. The market is focused on the contents of the FOMC statement and the Federal Reserve Chair's press conference, which are being watched as factors that could influence the dollar's movement.
A rebound in AI-related stocks and better-than-expected US consumer confidence data are cited as factors supporting the dollar.
The day's key factors include movements in stock indices and the FOMC decision, with expectations growing that the FOMC will leave rates unchanged at the current level of 3.75-4.00%.
As supplementary news, the article includes information about the economic indicators calendar and a live commentary stream scheduled for around noon.