This Week's Market - March 18, 2026 (Wednesday)
On March 18, as the dollar weakened partly due to a temporary drop in WTI crude oil futures prices, the dollar has been gradually declining, but USD/JPY is moving without a clear sense of direction. The question is whether a trend will form only if 158.80 is clearly broken to the downside, or if 159.20 is clearly broken to the upside. Today, attention will be on the monetary policy meetings in Japan and the United States.
Regarding the United States, the dot chart and macro projections will be released this time, and I would like to pay attention to their contents. The Bank of Japan will likely remain unchanged, but the question is whether the yen will be capped again near 160 if it continues to weaken. Even if it breaks above 160, intervention concerns will inevitably remain, so I think it will be quite difficult to buy at high levels.
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