The dollar-yen is expected to hold steady around the low 156-yen level in Tokyo on the 17th. Dollar buying and yen selling took the lead following the previous day's US FOMC decision, and the trend is expected to continue during Tokyo hours, although the impact of the Bank of Japan meeting is being watched.
The dollar-yen is expected to trade in a range of 154 yen 20 sen to 156 yen 20 sen on the 17th, and recovered to the 156-yen level as dollar buying and yen selling prevailed after the FOMC decision was announced. This trend is expected to continue, but with the outlook for a rate hike in line with market expectations, gains are expected to be limited.
Key economic indicators and events include the Bank of Japan's monetary policy meeting, scheduled to continue through the 18th; weekly contracts for foreign and domestic securities transactions; US initial jobless claims; the US September Philadelphia Fed manufacturing index; US August housing starts; the Bank of England's MPC meeting; the Central Bank of Brazil's policy rate announcement; and a market holiday in Malaysia.