The hawkish remarks from NOGUCHI, a BOJ policy board member, caused the dollar/yen to fall briefly to 155.72 yen.
【11/27Market Overview
In Tokyo time, after Nippon take-no-go? no, it's Nippon Bank of Japan Governor nominee Oguchi? Wait: The original Japanese says 野口日銀審議委員, which is Oguchi? Actually Noguchi is a BOJ Policy Board member. So: In Tokyo time, comments by BOJ Policy Board member Noguchi saying “If the achievement of the target is seen in the latter part of the projection period, an appropriate pace of rate adjustments will be appropriate,” the dollar/yen fell temporarily to155.72yen. Also, since the member showed a cautious stance on rate hikes, the dollar/yen was bought back to156.18yen. In European time, the dollar/yen rose to156.40yen, but could not exceed the level touched in early Asia time of156.49yen. In New York time, with U.S. markets closed for Thanksgiving, market participants thinned and trading was subdued. The dollar/yen traded in the156yen area with little movement in the lower- to mid-teen range.
【11/28Market View