USD has been weakening, hit by the FBI investigation right before the US presidential election. The November BoJ and FOMC meetings this week did not result in any surprises. USD strengthening pressure has been diminishing. Nearterm, US non-farm payrolls may not support the USD strengthening again ahead of Tuesday’s election.
Japanese investors are unlikely to make any big moves ahead of then. The recent drop in oil prices may push USD/JPY lower. If Clinton wins next week, USD may return to the recent high, but no stronger. If Trump wins, the surprise could cause USD/JPY to fall below the lower bound 100.50.