As dollar/yen continues to battle around 157, three major events are scheduled around the same time: developments at the Federal Reserve, the GDP release and a Bank of Japan policy announcement. A turning point may come into focus this week.
During Asian trading hours on Monday, dollar/yen rose slightly despite repeated ups and downs. It is currently trading around 157.00 and remains near its lows since late September.
The market is at a stage of assessing three important events: Federal Reserve developments, domestic and overseas GDP releases, and a Bank of Japan policy announcement. These announcements could influence short-term currency movements.