The US Dollar advanced against the Japanese Yen in the European session, trading above 156.00 levels.
The USD/JPY traded in a band in the European Session, stabilizing as Japanese officials floated the idea of direct intervention in the forex markets in order to prevent further deterioration of the yen against the dollar. In Japan, there are no data releases scheduled today. In the US, the Dallas Fed Manufacturing Business Index for November (-5.0 last month) will be released (15:30 GMT).*
*The government shutdown has now concluded, but most US Government data will still be delayed. Non government US data will be released as normal.
