Ahead of next week's monetary policy meetings in Japan and the US, expectations for a US rate hike are rising in the market, while the pace of rate hikes in Japan is a key focus. In the foreign exchange market, expectations are growing that Japanese and US authorities will curb excessive yen weakness, with some saying a return to the ¥160-per-dollar range is unlikely.
With monetary policy meetings in Japan and the US scheduled for next week, expectations for a US rate hike are strengthening in the market, while the pace of rate hikes in Japan is drawing attention as a key focus.
In the foreign exchange market, there are expectations that Japanese and US authorities will curb excessive yen weakness, and some say a return to the ¥160-per-dollar range is unlikely.
As for the outlook for rate hikes in the US, there is information that the US Federal Open Market Committee (FOMC) is scheduled to meet on 15-16. Market attention is focused on forecasts based on CME FedWatch.