Kikuko Takeda
Kikuko Takeda
besides christmas continuous due economic fall figures holiday interest last led major market rates thin weak weighed
Besides a continuous unwinding of short-yen positions, which capped the dollar's rise, last week's weak (U.S.) economic figures that led to a fall in U.S. long-term interest rates also weighed down on the currency. But basically, the market is thin due to Christmas holiday in major countries.
deficit gap negative trade widening
The widening trade deficit is negative for the dollar. We see no way for the U.S. trade gap to narrow.
beginning data dollar saw states trend
The trend is still consolidation for the dollar because we saw a lot of weaker-than-expected data from the States at the beginning of this year.
impact july limited moment prices rise since stock supporting
The Nikkei's rise since July has had limited impact on the yen's upside, but for the moment anyway, stock prices are supporting the yen.
capital deny driving hard japan
It's hard to deny that capital outflows from Japan have been driving the yen's weakness.
adjust bit past price range time weeks
The price range for the past two weeks was a bit overdone. We need a little bit of time to adjust at this level.
economy economy-and-economics given half higher hikes minds oil past rate year
What's on peoples' minds is the possibility of a slowdown of the U.S. economy given the accumulation of rate hikes in the past year and a half and on higher oil prices,
dollar likely saw shows small technical today tokyo
What we saw in Tokyo today shows that a small consolidation in the dollar is likely because of this technical resistance.
currency fed hold impact katrina lifting low markets pushed realize treasury worries yields
(Traders) realize that markets may have oversold the currency and pushed U.S. Treasury yields too low on worries that the Katrina impact could hold the Fed back from lifting rates.
among banks central continues increasing investors loser lure major next raise rates unlikely year
The yen will be the loser among the major currencies. The BOJ is unlikely to raise rates next year while other central banks are increasing rates. The rate-gap story continues to lure investors away from the yen.
concerns corporate economy given global high impact investment oil prices scale sheer
This is not the kind of investment they can keep on going, given the sheer scale of it and concerns about high oil prices and their impact on the global economy and corporate earnings.
closure due financial thin trading
Overall, the trading is thin due to closure of the U.S. financial markets.
abandoning continue data economy fed forecast hurricane hurt increase instead katrina lofty markets might oil people percent prices pricing rapidly rates weaker worrying
Markets are rapidly abandoning the forecast for the Fed to increase rates to 4 percent by year-end, and are instead pricing in 3.75 percent. People are worrying lofty oil prices and Hurricane Katrina might hurt the U.S. economy when weaker data continue to come out.
cautious clearly dollar factor supported upside
Clearly one factor that has supported the dollar will disappear. So it's better to be cautious about the dollar's upside potential.