Movements in the Asian market
Asian markets were almost flat on the 2nd of the week. A phase where yen-buying was slightly dominant was also observed, but there were many holidays outside of Tokyo, and the flow did not continue.
When I wrote this update, US dollar/yen raised to 131.40-yen, volatile fluctuations due to poor liquidity.
Over the weekend, the UK, which had clearly stated that it would not implement border measures against China, became a hot topic for reversing its previous statement.
France has also announced that it will require travelers from China to be tested for the coronavirus. Separately, on December 31 and January 1, North Korea seems to have launched ballistic missiles on consecutive days.
Under such circumstances, the US dollar/yen pair has been trading at around 131 yen since the end of last week, with the yen slightly appreciating. The price fluctuated within a very narrow range of 130.80-00 yen.
Due to Australia and New Zealand, Asian markets such as Japan, China, and Singapore are coming back to the market and active trading has hardly been observed. As of 06:30 Cambodian time, the price remained at 130.90-95 yen and waiting for welcoming the European and American markets.