The dollar-yen pair remained soft in European trading, falling from the mid-¥154 range. Markets are focused on expectations that the BOJ will raise its policy rate by 0.25% at next week's meeting, as well as expectations for an additional hike in December.
The dollar-yen pair remained soft in European trading, moving in a range of ¥154.04 to ¥154.34. Yen selling was partly restrained by the BOJ's hawkish stance, while expectations for a rate hike at next week's Monetary Policy Meeting remain.
The euro-yen pair simultaneously moved between ¥178.70 and ¥179.11, while the euro-dollar pair traded in a range of $1.1598 to $1.1608. Market speculation over a BOJ policy change remains the central focus.
Key points to watch include the size of any rate hike the BOJ implements next week and how expectations for an additional hike in December will affect the market as a realistic option. Related reports are expected to continue discussions about the outlook for the dollar-yen pair.