USD/JPY has broken above ¥155, driven by rising crude oil prices and higher U.S. long-term interest rates. Market attention is focused on the FOMC, the dot plot and remarks by Fed Chair Walsh.
Following the previous day's moves, USD/JPY broke above ¥155 and temporarily extended its gains to around ¥155.23. Rising crude oil prices and higher U.S. long-term interest rates have been cited as background factors, heightening investor caution. Market commentary was also provided through a video stream, with the key points organized for individual investors.
The FOMC decision is among today's key market drivers, while the dot plot and remarks by Fed Chair Walsh are expected to influence the market's reaction. Market participants are closely watching the outlook for interest rate hikes at this meeting, as well as the policy direction ahead.
The English-language summary presents the market view that a 25bp rate hike is priced in and the possibility of one more rate hike this year, noting that the direction of USD/JPY could change depending on the dot plot and the Fed Chair's remarks.
The article also covers the economic indicators calendar and live commentary for beginners, providing an overview of the information available on the current and future outlook for USD/JPY.