Let’s have a look at the events that will affect market moves.
USD/JPY: forecast for Oct. 23-27
Elections to the upper house of Japanese parliament will take place on Sunday, Oct. 22. According to the recent forecasts, Prime Minister Shinzo Abe’s ruling coalition is on track to roughly match the two-thirds “super majority” it held in parliament’s lower house before the snap election was called. Abe’s victory looks prices in, so it may give USD/JPY only a small short-term boost.