Increasing perceptions that the Bank of Japan will be able to move away from its quantitative easing support the yen. Relative to the dollar, the yen should regain its losses. |
The Japanese economy is improving. The outlook for the yen looks positive given Japan's economic backdrop. |
The jobs numbers weren't small enough to warrant a downgrade to the Australian dollar at this stage. |
We certainly expect rates to be tightened by the ECB this year. The outlook for Europe is certainly better on the growth side. |