Dollar/yen fell to as low as 155.65 after reports of the BOJ rate hike; subsequently traded in the early 156 yen area with little movement.

【11/26Market Overview】

Tokyo time, the dollar/yen rose on expectations of buying by domestic real demand and the rise of the Nikkei 225,156.37yen, but after some reports that the Bank of Japan would adjust its communication method to cope with the possibility of a rate hike in December,12yen to the market155.65yen to the downside. In the afternoon, it156.10yen was bought back. In European trading hours, the dollar/yen was moving little in the low to mid 156s.NY time, U.S. initial jobless claims for the previous week came in at21.6 million, better than the forecast22.5 million, lifting the dollar/yen to156.73yen. However,11month U.S. Chicago PMI36.3 versus the expected43.8 caused it to156.28yen lower.NY afternoon, with Thanksgiving in the U.S. just around the corner on the 27th, trading slowed, leaving the dollar/yen around the lower 156s with little movement.

【11/27Market View】