Yen to stay between 85 and 90 this week

According to the Nikkei Shimbun, trading will be slow this week as Europe and America celebrate the Christmas holiday. However, those participating in the market forecast the yen to range somewhere between 85 to 90 yen to the dollar. The yen is expected to continue strengthening, but if it strengthens too fast it is likely that Japan's central bank will interfere to try and slow things down. This week, trading will be thin, so large trades will have a greater impact on the market than usual, thus potentially causing large fluctuations.