14 ordspråk av Fumihiko Kawano
Fumihiko Kawano
A dip to a one-month low could be quite an attractive level for exporters to buy the won.
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A dip to a one-month low could be quite an attractive level for exporters to buy the won.
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From expecting (the Fed) could raise rates three times more at most, there now seems to be a feeling there will be no more than two.
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I think the yen will continue to fall for the time being. But later next year, things will change ahead of the U.S. mid-term election.
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Just talk of the hurricane weakening was enough to push up the dollar.
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The market has been entrenched in range-trade for such a long time that people cannot see a reason to buy dollars at the higher end of the range or sell them at the lower end.
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The market is dithering, because on the one hand we have the interest-rate gap, but on the other we have still large U.S. government debt.
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The market is just waiting for the consumer price index. If the figures are strong, market players are likely to buy the yen tentatively.
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The market is still expecting two more rate rises from the Federal Reserve, which will keep improving the dollar's rate advantage.
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There is support for the dollar against the euro, which is providing a cushion for the dollar/yen so we're not likely to see a nosedive in the dollar.
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This isn't the first time we've heard about the possibility of an end to the policy in March ... but the risks of that happening have increased a bit.
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Unless a big surprise comes out from the trade report, it may not cause much turbulence.
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What's going to change after the BOJ ends the quantitative policy? Unless Japan's bank deposits start to pay interest rates of like 1.5 percent, Japanese investors will keep buying foreign currencies.
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With so many new members, it's hard to say whether the rhetoric the Fed has been using until now will stay the same.
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