The United States and the United Kingdom were on holidays, and business was quiet. The dollar-yen is trading with little movement in the late 156 yen range.
【5/27Market Overview
In Tokyo time, the USD/JPY rose early to156.99yen, but a selling pressure from position adjustments pushed it156.66yen lower. After that, it traded around the156.80yen area. In European trading, broad cross-yen buying returned, and USD/JPY also rose to156.96yen. In theNY session, with the U.S. market closed for Memorial Day, activity was light, and USD/JPY moved modestly in the upper156yen range.
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