Given the market's weak-dollar bias, there's a risk of the U.S. unit falling further on a wider-than-expected trade deficit. |
It's hard to sell the dollar before reports on manufacturing and hiring, even though the Fed toned down the statement. Fed policy is now more data dependent. And data coming in a few days look strong, supporting the dollar. |
Propelled by good economic figures, investors are more and more expecting the BOJ to move up the schedule for the end of its zero-rate policy. That's supporting the yen. |
Propelled by strong economic indicators, the market is increasingly pricing in a chance of a Fed rate hike to 5 percent in May. The dollar looks strong. |
Snow's admission of central banks diversifying from dollars could be used as dollar-selling material. |
Snow's admission of central banks diversifying from dollars could be used as dollar-selling material. Amid the already dollar-bearish sentiment, some investors are looking for dollar negative factors. |
The Fed minutes are harming the dollar-bullish sentiment. Any gains in the dollar will be capped today. |
The high levels of industrial capacity in use could force the Fed to keep inflation in check by raising rates, boosting the dollar. The dollar was sold a bit too much this week. Now is a good buying opportunity. |
The markets are fixated by the upcoming Fukui comments today. He will probably try to get rising long-term bond yields under control. The yen looks weak today. |
The unwinding of the yen carry trades will probably continue. That will help the yen. |