The Dow Jones Industrial Average continued to fall, and the dollar/yen briefly slid back to around 155.91 yen.

【12/29Market Overview

Tokyo time,12/18－19, in the main opinions from the Bank of Japan Monetary Policy Meeting, such as “considering the impact of exchange rates on prices, it is appropriate to implement easing adjustments,” were reported, and viewed as hawkish, sending the dollar/yen to156.06yen, after which, following expectations of dollar buying ahead of the fixings and a narrowing decline in the Nikkei average, the pair rebounded to the mid-156 yen range. In European trading, dollar/yen moved modestly in the low- to mid-156s yen.yen area to the mid-156s, with little movement.156NYtime,NYforces began to enter in earnest, leading to broad dollar selling. As euro/yen fell, yen buying and dollar selling, as well as a drop in U.S. stocks, weighed on the market, and dollar/yen briefly fell to155.91yen.

【12/30Market View