Under the Mori/Koizumi-era (Kō) government’s proactive fiscal policy, the yen weakened and the dollar-yen rose up to 157.89 yen.

【11/20Market overview

Tokyo time, the dollar/yen pair moved as5・10on the Go-Top day, with expectations of dollar buying toward the daily midpoint and an outsized rise in the Nikkei stock average,157.78yen and1month high,updating to the highest since the first month. In European time, dollar/yen fell to157.11yen on position adjustment selling,157yen area later rebounded toward the upper 157s.NYtime, the U.S. Labor Department released the9月米雇用統計 isNFP(non-farm payrolls) increasing by11.9ten thousand more than the previous month and exceeding the5.0ten thousand forecast, but the unemployment rate was4.4% vs. the forecast4.3%157.89yen.

【11/21Market view