USD/JPY would be consolidating until BoJ meeting this FridayUS Dollar/Japanese YenFX:USDJPYMallow_S・USD/JPY market fundamental The Japanese Yen has weakened following reports of Prime Minister Takaichi's snap election. Market is anticipating that her administration will implement expansionary fiscal policies. Japanese Financial Minister Katayama has been warning against the rapid movement of the Yen several times last week. Market is now focusing on BoJ meeting scheduled for Friday. If the BoJ signals a faster pace of rate hikes, the current support level could be broken and potentially reversing the trend. ・Technical Analysis USD/JPY market is expected to consolidate within the range of 157.000 to 160.000 ahead of the Friday's BoJ meeting.