USDJPY

December 14

There is a sense of surprise in the progress of the depreciation of the dollar after the FOMC.

Yesterday’s dollar / yen fell back to the mid-112 yen level after the Federal Open Market Committee (FOMC) raised interest rates. US dollar, the growth rate of the consumer price index was weak in November and the selling was dominant, accelerated the downward trend since the two FOMC members opposed interest rate hikes. However, the FOMC maintains the inflation outlook next year and the rate hike forecast (0.25% rate hike three times), and there was a sense of surprise in accelerating the depreciation of the dollar after the announcement.

The possibility that the short-term settlement sale led the yesterday’s dollar / yen decline is high, and it seems that it will not last long.