BTMU: USD/JPY remains in range to the US elections

Analysts at Bank of Tokyo-Mitsubishi UFJ have a neutral view on USD/JPY, as they look to the next week and expect the pair to move between ¥102.50 and ¥104.50, while consider possible a risk of appreciation of the exchange rate.
Trading on the USD/JPY remains stable. All major markets, the yen bonds and the Exchange's Nikkei are stable, indicating low volatility and turnover in the past two weeks, analysts say.
Next week the yen will be bought by exporters, analysts said.
Their operations may increase at the end of the month, while the yen will likely be sold by Japanese investors who can keepthe pair to the lower border of the range of the rise in the exchange rate of USD/JPY, they added.
The dollar is unlikely to be strong on the eve of the US presidential election, experts write.