With the BOJ and US FOMC meetings approaching, safe-haven yen buying has paused and markets have adopted a wait-and-see stance. Dollar-yen temporarily fell to around ¥156.08 before rebounding.
A video reviews the key points of the daily FX report and outlines today's market outlook. The central focus is dollar-yen movements, with the market's wait-and-see stance ahead of the meetings gaining strength amid the effects of the previous day's stock price movements and crude oil prices.
The latest market information suggests that the dollar-yen movement may have been affected by a narrowing of the Nikkei 225's decline after a sharp drop and by rising crude oil prices. Dollar-yen fluctuated in response to movements in the Nikkei and the crude oil market, while there were periods when the dollar's decline was contained.
Key factors include stock index movements, crude oil price movements and US long-term interest rates. With the FOMC and BOJ meetings approaching, market participants are expected to strengthen their wait-and-see stance. The English summary notes that the direction of risk assets may depend on the meeting outcomes.