The morning USD/JPY forecast points to continued directionless trading. The previous day's close was around ¥157.90, and today's USD/JPY forecast range is ¥157.200-158.400.
The morning USD/JPY forecast range is ¥157.200-158.400, while the pair ended the previous day trading around ¥157.90. The euro fell against the dollar amid concerns over France's fiscal position and other factors, but the yen showed some resistance to further declines in response to oil price movements. BOJ Governor Ueda (植田) is scheduled to speak during Tokyo trading hours, although significant comments on monetary policy are considered unlikely. During New York trading hours, the president of the New York Fed, Williams, is scheduled to speak, but expectations for a surprise are low.
USD/JPY is expected to remain directionless today as well, with the pair likely to move sideways mainly in the upper ¥157 range while markets watch developments in the euro and oil prices.