USDJPY

October 27,

Dollar / yen, again going up

Yesterday’s dollar / yen steadily remained at a temporary level of 114 yen. In addition to the rise in US long-term interest rates, the fact that the dollar was bought as a receiver for euro selling was also affected. The US House of Representatives passed the draft budget resolution for 2018 (the Senate has passed), and expectations are rising that Trump Presidential Tax Reform will advance towards realization.

Regarding the personnel affairs of the next Federal Reserve Chairman who is interested in the market, there is a report that President Yellen was out of the candidates, and Taylor Stanford University professor, who is the possibility of taking office as chairman or vice chairman.

Under these circumstances, the flow of the dollar that seemed to converge for the day before yesterday was resumed quickly. Today’s dollar / yen will exceed the mid-114 yen range, which is the upper range limit for the past half-year if the preliminary figures for GDP of July-September quarter released in NY time increase more than expected There will also be possibilities.