The yen wobbled in a narrow range in early Asian trade on Tuesday as investors awaited the latest policy decision from the Bank of Japan later in the session.
The BOJ is expected to keep policy uncharged at a two-day meeting as the country’s consumer prices remain on track to meet the central bank’s 2 percent inflation target.
Still, some market participants did not rule out some surprise announcement, ahead of the government’s planned hike to the national sales tax next month to 8 percent from 5 percent.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.