Yen hovers near 158 ahead of key US data and BoJ signals
Mumbai, Nov. 3 -- The Japanese yen remained under pressure near 158 per dollar on Monday, with investors cautious ahead of the US midterm elections and key economic releases from both economies. With Tokyo markets closed for a holiday and market participation limited, currency movements could become more pronounced as Europe and other markets open. Attention will turn to the Bank of Japan's September meeting minutes and Japanese wage data for clues on the possibility of a December rate hike. Separately, BoJ Governor Kazuo Ueda is scheduled to deliver a lecture at the International Monetary Fund (IMF) on Friday, with his remarks likely to attract attention for further insights into the central bank's policy outlook. Meanwhile, the US ISM s...
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