[Outlook] USD/JPY in New York: Focus likely to remain on the 200-day moving average while reviewing the FOMC minutes

The story

Looking ahead to developments in the New York market, the release of the FOMC minutes is said to be the market’s focus for dollar-yen. Dollar-yen’s short-term reaction is expected to depend on the contents of the minutes.

Dollar-yen is expected to trade with the 200-day moving average in focus, drawing attention to both fundamental and technical factors.

Going forward, readers will focus on the contents of the FOMC minutes, the market’s short-term reaction to them and further movements around the 200-day line.

At a glance

MarketDollar-yen is the focus in the New York market FX outlook

FactorsMarket movements are expected ahead of the release of the FOMC minutes

MetricTrading shaped by focus on the 200-day moving average

RegionU.S. market

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Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.