With the U.S. midterm elections approaching, dollar/yen is expected to remain broadly range-bound at 155–160. The author's team believes the U.S. dollar will generally continue to trade firmly.
Dollar/yen is expected to remain range-bound between 155 and 160 for the time being. The article explains market movements on the assumption that this range will hold.
Ahead of the U.S. midterm elections, the view is that the U.S. dollar will generally continue to trade firmly, and that this outlook will affect the direction of dollar/yen.