Dollar in upper ¥157 range at 3 p.m. amid directionless trading, focus on BOJ meeting

The story

At 3 p.m., the dollar-yen rate was trading in the upper ¥157 range, flat from the end of the previous day's New York session. The dollar briefly moved into the ¥158 range in the morning before softening quickly, and directionless trading continued.

The market appears to be watching for the outcome of the Bank of Japan meeting while assessing the direction of currency markets, with few factors indicating a clear direction.

At a glance

As ofThe dollar-yen rate was flat in the upper ¥157 range at 3 p.m.

TrendDirectionless trading continued

LevelThe rate briefly moved into the ¥158 range in the morning

ConcernFocus on the Bank of Japan meeting

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