Dollar-yen slump below 155 on thin liquidity

The break below 155.00 is less about a fundamental shift in yen sentiment and more a function of holiday-thinned liquidity amplifying an order-flow imbalance. With U.S. desks dark, the move's technical significance is magnified, but its durability is unproven. The key watch is whether the level holds when normal two-sided flow returns; if it does not, this is a fleeting dislocation rather than a trend change. For yen traders, the episode underscores how thin markets can distort price action, making follow-through confirmation essential.