USD/JPY: Neutral Bias Ahead Of Oct-22 Snap Elections; Levels To Watch – BTMU

BTMU FX Strategy Research doesn't expect USD/JPY to move much ahead of the snap elections October 22.

"Fiscal policy news may stoke market expectations for a JGB yield rise. But any news about monetary policy or JGB issuance plans will likely be minor, given the current slew of scandals and non-economic issues," BTMU adds.

BTMU is neutral on USD/JPY around current levels seeing the pair trading in 111-114 range in the near-term.

Source: BTMU ResearchOriginal Article