Michiyoshi Kato
Michiyoshi Kato
easing japanese money pressured supply time unable
Pressured by Japanese politicians and officials, the BOJ will be unable to end its easing of the money supply any time soon. That's pretty much yen negative.
brighter buy cut dollar excuse fed good ground hike later laying outlook rate reserve sell supports target view
The bank's brighter outlook supports the view that the BOJ may cut the reserve target around April, laying ground for a rate hike later in the year. That could be a good enough excuse to buy the yen and sell the dollar when the Fed is nearing the end of its tightening cycle.
came extremely hardly less markets office quiet tenth trading volume
I just came in to do office paperwork. Markets are extremely quiet today. There's hardly any trading and volume must be less than a tenth of what's normal.
building current raise rates sentiment unlikely weaker
There's sentiment building for a weaker yen. The BOJ is unlikely to raise rates soon, even after an end to its current policy.
backing confidence consumer continue dollar fed likely push raise rates
U.S. consumer confidence will push up the dollar by backing speculation the Fed will raise rates further. The dollar's uptrend will likely continue today.
continue surely violence weigh
Violence will surely continue to weigh on the euro.
good japanese opportunity
Now is a good yen-selling opportunity for Japanese importers.
era interest policy toward zero
An end to the super-easy policy is still an important milestone toward an end to the era of zero interest rates.
benefit bit buy extend investors japanese selling sold
Yen selling may not extend to today. Some investors sold a bit too much yen, so they may buy some back, which could benefit the Japanese currency.
data fresh further incentive industries push rate service
U.S. service industries data will be yet another fresh incentive to push up the dollar, strengthening expectations of Fed's further rate hikes.
data figures focused further hikes home investors rate reduce sales weaker
Investors are pretty much focused on the home sales figures today. Weaker data will reduce expectations for further rate hikes in the U.S.
fed figures focusing home housing investors lift numbers raise sales starts strong surely
Investors are focusing on the new home sales figures after housing starts were so strong. Strong numbers will surely raise expectations the Fed will lift rates, boosting the dollar.
against currency euro higher rates remain supporting
Expectations of higher ECB rates are supporting the euro. The euro will strengthen, especially against the currency of Japan, where rates will remain lower.
earlier economic encourage fed likelihood raise weaker
Weaker economic indicators raise the likelihood of an earlier end to Fed tightening. It will encourage dollar-selling.