USDJPY

December 28,

Dollar / Yen with slow movement

The dollar / yen exchange rate of yesterday moved small from the beginning to the end in the lower 113 yen level. Although the market was in the year-end adjustment mode, the price range was small compared with other currency pairs. There is a view that the existence of a large option with 113.00 yen and 113.50 yen as an exercise price is a background of stalemate, but the aspect that the movement is further dullened by the fact that many dealers abandoned the non-moving dollar / yen. Against this backdrop, the dollar / yen exchange rate will be expected to move poorly today as well.