19 ordspråk av Ryohei Muramatsu
Ryohei Muramatsu
Although his comments helped the market shift back to widespread interest rate differentials and buy back the dollar, the US unit is not likely to maintain its upsurge much longer.
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As the European Central Bank is turning more hawkish on its rate outlook, capital inflows into euro-denominated assets are expected to grow stronger.
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I didn't expect 5 percent yields at all, it's a little bit overdone. In the short-term we're likely to see a rebound.
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Judging from fundamentals for the yen, including strong share prices and relatively positive economic data, the recent fall of the yen is apparently overdone.
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On the other hand, it is now believed that the Bank of Japan will hold interest rates, in effect, at zero for a prolonged period because of strong political pressure.
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Recent rises in yields of Japanese government bonds, combined with this emerging uncertainty over prospects for US interest rates, are expected to weigh on the US currency against the yen in the near term.
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Reflecting the improvement of economic fundamentals in Japan, inflows into Japanese assets, equities in particular, are likely to grow stronger.
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The dollar's gains today were capped around the recent peak level of ¥119.39, because this level is also a key resistance level on charts.
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The dollar's gains today were capped around the recent peak level of 119.39 yen, because this level is also a key resistance level on charts.
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The dollar's gains were capped around the recent peak level of 119.39 yen, because this level is also a key resistance level on charts.
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The lower demand at the five-year auction may continue in auctions in the coming weeks. This will lead investors to adopt a wait-and-see attitude for the time being.
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The market is more inclined to the perception that US interest rates will rise further.
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The scale of victory was a surprise and that had a positive impact on Japanese stocks. There will be a bigger pull to buy Japanese assets over foreign bonds and stocks.
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The yen and Asian currencies will appreciate. China week has finally begun. It will be a major focus.
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There has been quite strong resistance around 118.20 yen and as the dollar failed to clear that line, it faced selling pressure.
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