USDJPY

December 15,

U.S. tax reform is the last focus in the year

Yesterday’s dollar / yen was heavy and it fell back to the 112 yen level. Although there was a scene which rose to the 12.80 yen level, it was informed that two US Republican Senator members changed the tax reform bill and it fell to the 112.00 yen level. The US stocks showed similar price movements, and the market is focused on the way of reforming the US tax system.

The Republican Party leadership is aiming for the passage of the bill during the next week, and various bargaining will be carried out today, including under the water. Every time such a movement is conveyed, the dollar / yen is going to respond sensitively.