As cautiousness regarding円 buying intervention rises, the USD/JPY fell to 155.55 yen.

【12/24Market Overview

During Tokyo time, when Korean authorities spoke intervention, dollar weakness and won strength led. The USD/JPY fell as selling of the dollar dragged it down. It also suggested possible government/BOJ intervention, and at one point155.55yen fell to. After a round of selling, short-covering came in156yen level was recovered, but the rebound was muted.

During European hours, USD/JPY155yen late- to mid-range moved in a narrow range.NYtime, with heightened vigilance for possible FX intervention by the government and the BOJ, the yen strengthened and the dollar weakened, and USD/JPY fell to155.68yen. Thereafter,156.02yen was bought back.

【12/25Market Outlook