The yen is expected to continue trading in a narrow range against the dollar next week. With the FOMC and the Bank of Japan's policy meeting scheduled for the end of the month, the market is expected to show limited movement in any one direction.
The yen is expected to trade in a narrow range against the dollar next week. Ahead of the US Federal Open Market Committee (FOMC) and the Bank of Japan's monetary policy meeting scheduled for the end of the month, foreign-exchange market positioning is expected to avoid decisive moves.
Market participants say that large one-way moves are unlikely ahead of monetary policy meetings, with fund flows likely to remain concentrated within the trading range.