USD/JPY is expected to remain firm in European and U.S. markets on the 27th. The Federal Reserve is likely to maintain its current policy, but expectations of a December rate hike are expected to limit movements in the dollar.
In European and U.S. foreign exchange markets on the 27th, USD/JPY is expected to remain firm. The global stock sell-off is expected to ease, bringing a pause to risk-averse yen buying.
The Federal Reserve chair is widely expected to maintain the current policy, but expectations of a December rate hike are likely to make the dollar difficult to sell. The FOMC, the ECB Governing Council and the Bank of Japan's policy meeting, along with regular meetings of other major central banks, are scheduled for this week, making a wait-and-see mood likely to spread the previous day.
From an artificial intelligence-related perspective, U.S. long-term interest rates are unlikely to fall, and the overall market is expected to remain favorable to dollar buying. EUR/USD is expected to weaken to the 1.1170 dollar range, while USD/JPY is expected to trade around the mid-¥157s.
Some expect yen buying to recede in today's Asian markets as Japanese stocks stage a sharp rebound. Monetary policy developments in overseas markets will continue to draw attention.