Dollar/yen awaits Bank of Japan policy meeting, markets brace for adjustment.

【9/17Market overview

In Tokyo time, the dollar/yen fell to9/17from a sharp early move higher on the hawkishFOMC reaction, breaking to 155.52 yen. In European time, the dollar/yen partially recovered to155.91yen, but as the U.S.10year treasury yield fell, it slipped to155.31yen.In NY time, the dollar/yen, as US initial jobless claims for the prior week and the9 month U.S. Philadelphia Fed manufacturing index beat expectations, saw a revival in buying, rising to156.10yen.

【9/18Market View