Trade concerns and concerns over repatriation (of yen by Japanese investors selling U.S. treasuries) are the main components behind the yen's rise. |
Trade concerns and concerns over repatriation (of yen by Japanese investors selling U.S. treasuries) are the main components behind the yen's rise. The dollar is a hostage to these factors. |
We have the FOMC tomorrow and big economic numbers, which are generally seen as upbeat, |
We have the FOMC tomorrow and big economic numbers, which are generally seen as upbeat. |
We've just seen some stop-losses and it looks like people chose the downside. |
Without fresh good news on the U.S., the current account worries come back to the fore so people worry about the dollar. With stocks it's a question of how much good news is already priced in. |
Yes, they've reached an agreement, but it remains to be seen whether the grand coalition can work and whether it actually delivers the reforms. |