サンワード証券Private± Mixed
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Sanwa Securities' Mr. Chen indicated that this week, with central bank meetings in Japan and the US, the dollar-yen pair is likely to trade within a range as safe-haven dollar buying unwinds following the halt in US-Iran fighting. Amid lingering intervention caution, the US suspended airstrikes on Iran on Monday the 27th, and Iran also refrained from retaliatory attacks, easing tensions and pushing dollar-yen back down to the mid-163 level. This week, the FOMC meets on the 28th to 29th and the Bank of Japan's monetary policy meeting is scheduled for the 30th to 31st, with both expected to keep policy rates unchanged, though there are concerns the Fed may turn more hawkish on rate hikes due to higher oil prices. The Bank of Japan is seen holding its policy rate at 1 percent and, in its outlook report, expressing caution about upside inflation risks while signaling its intention to continue raising rates. Mr. Chen said the pause in US-Iran fighting is welcome news but fears of renewed conflict remain, meaning safe-haven dollar buying will weaken but not disappear, and he forecasts this week's range at 160.50 yen to 164.50 yen.