The dollar/yen extended its gains for the third day, albeit modestly.
【1/2Market Overview】
In Tokyo time, as market participants were few and liquidity thin on the first trading day of the year,156.52yen was bid down to. Afterwards, helped by gains in the Hang Seng Index,NYDow futures and Nikkei futures, etc., buying returned to around156.95yen. In European time, the dollar/yen rose briefly in thin trading to157.00yen. However, when dollar selling was observed at the London fix, the dollar/yen fell to156.56yen.NYtime, the dollar/yen rose to around10year Treasury yields, lifting it to156.95yen.
【1/5Market View】
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