In the Japanese market on the 4th, USD/JPY is expected to trade with attention focused on the U.S. midterm elections, with a forecast range of ¥156.50 to ¥158.80 per dollar. The midterm elections are scheduled for the 3rd, and the Tokyo market will be closed for Culture Day.
In the foreign exchange market on the 4th, USD/JPY is expected to trade with attention focused on the U.S. midterm elections. The forecast range is ¥156.50–¥158.80 per dollar.
The U.S. midterm elections are scheduled for 3 November, and the Tokyo market will be closed for Culture Day. On the following day, trading is expected to unfold while watching the initial reports of the U.S. vote count. The Democrats are currently widely seen as having an advantage in the House, while attention is focused on the Senate results.
Given this combination of dates, USD/JPY is seen as potentially volatile depending on the initial vote-count reports. The outlook remains that future moves will depend on the election results and the market reaction.