Dollar-yen trades in the early- to mid-154s without a clear direction, stuck in a range.

【11/11Market Overview

Tokyo time, the dollar/yen continued its risk-on trend supported by the rise in the Nikkei 225, and at one point154.49yen11/4high154.48yen was surpassed. Afterwards, with the U.S. Senate passing a bill to restart government, position adjustments after the shutdown raised caution, and in the afternoon the Nikkei 225 fell into negative territory, while the dollar/yen also154.08yen slipped. In European trading, dollar/yen rose on the rise in European stocks154.44yen.NYtime,ADPreported that private-sector employment in the U.S. for the week ending10/25was down for the four weeks ended4weeks by12,500people on a weekly basis,12,500said to have decreased; overall selling of the dollar led to the dollar/yen falling to153.66yen, but there was no follow-through selling, and toward the close it was bought back to154.18yen.

【11/12Market View