Analysts expect the yen to weaken. They believe that the Bank of Japan's meeting on Friday may disappoint investors, and its position may not be as hawkish as expected by the market. Wells Fargo suggests shorting the yen, and Citi expects the yen to fall to 159 against the US dollar in the next few weeks. Chris Turner, head of G10 foreign exchange strategy at ING Bank NV, predicts that if the Bank of Japan fails to signal further interest rate hikes, the yen will fall to 157 or 158 levels. Swap traders are almost certain that the Bank of Japan will raise interest rates by 25 basis points on Friday. The focus now is more on President Ueda Kazuo's press conference after the resolution. His statement will hint at the future policy path, and the market predicts that there will be more interest rate hikes before the end of the year. The yen rose 0.1% against the US dollar to 156.15.

Analysts expect the yen to weaken. They believe that the Bank of Japan's meeting on Friday may disappoint investors, and its position may not be as hawkish as expected by the market. Wells Fargo suggests shorting the yen, and Citi expects the yen to fall to 159 against the US dollar in the next few weeks. Chris Turner, head of G10 foreign exchange strategy at ING Bank NV, predicts that if the Bank of Japan fails to signal further interest rate hikes, the yen will fall to 157 or 158 levels. Swap traders are almost certain that the Bank of Japan will raise interest rates by 25 basis points on Friday. The focus now is more on President Ueda Kazuo's press conference after the resolution. His statement will hint at the future policy path, and the market predicts that there will be more interest rate hikes before the end of the year. The yen rose 0.1% against the US dollar to 156.15.