Dollar-yen remains firm on expectations of monetary policy between Japan and the United States.
【1/3Market Overview
During Tokyo time, the dollar/yen is trading sluggishly in New Year mode157around the 157 yen level with little movement. During European time, the same trend from Tokyo continues.NYtime,12month U.S.ISMManufacturing Index is49.348.4to the upside, and the dollar/yen rose temporarily to157.49yen, but then, due to end-of-week position adjustments, it fell to156.87yen. However, there was no follow-through, and by close it157yen level had recovered.
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