Analyst: Yen Expected to Trade in a Narrow Range, Focus on Whether Governor Will Deliver Hawkish Signals

Golden Ten Data reported on March 19 that Kumiko Ishikawa, an analyst at Sony Financial Holdings, stated that as the Bank of Japan's interest rate decision approaches, the yen is expected to trade within the 158.80-160.40 range against the US dollar. She pointed out that although the market generally expects the Bank of Japan to maintain stable monetary policy, the focus will be on how the central bank views the recent surge in oil prices, the weakness of the yen, and market volatility. Market participants are closely watching for any signs of a hawkish shift in the remarks of Bank of Japan Governor Kazuo Ueda.