A dip to a one-month low could be quite an attractive level for exporters to buy the won.

The market is just waiting for the consumer price index. If the figures are strong, market players are likely to buy the yen tentatively.

This isn't the first time we've heard about the possibility of an end to the policy in March ... but the risks of that happening have increased a bit.

The market is dithering, because on the one hand we have the interest-rate gap, but on the other we have still large U.S. government debt.

There is support for the dollar against the euro, which is providing a cushion for the dollar/yen so we're not likely to see a nosedive in the dollar.

I think the yen will continue to fall for the time being. But later next year, things will change ahead of the U.S. mid-term election.

The market is still expecting two more rate rises from the Federal Reserve, which will keep improving the dollar's rate advantage.

Unless a big surprise comes out from the trade report, it may not cause much turbulence.