Dollar/Yen steady ahead of the Bank of Japan monetary policy meeting

【10/30Market Overview

In Tokyo time, the dollar/yen pair was directionless ahead of the Bank of Japan monetary policy meeting153in the lower-14s rangeyen. In European hours, the dollar/yen moved lower to around152.77yen, but there was no follow-through selling.In New York10time,月ADPemployment data23.3million versus the market forecast11.4million, with higher U.S. 10-year Treasury yields lifting the dollar/yen to153.48yen. After that, as the move in U.S. 10-year yields continued, the pair hovered with small movements around the upper-150s to the lower-150s.