USDJPY

December 27,

After Christmas holidays

Yesterday’s dollar yen was weak in the first half of the 113 yen range and buying transaction was deployed. As the major European markets such as London were closed, price movements remained only a small margin of 20 yen and movement was slow.

 Today is practically after Christmas holidays, but the end of the year and the end of the quarter are approaching closer, so the mood to avoid trading seems to be left. Under such circumstances, it is difficult to expect a dramatic shift in the dollar / depreciation of the yen. However, in addition to the passage of the US tax reform bill, the low price of the dollar / yen is also limited because it seems that the US long-term interest rate will not decline due to the rise in crude oil prices and other factors.