25 ordspråk av Luke Waddington
Luke Waddington
$1.25 is pretty neutral. The spread hasn't narrowed enough to justify a move beyond there.
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As long as U.S. rates are rising you've got this double-whammy effect of spare cash looking for yield and yield is there (in the U.S.),
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As long as U.S. rates are rising you've got this double-whammy effect of spare cash looking for yield and yield is there,
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Chinese banks may want to buy yen and see if they can get a good return on shares in Japan.
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I think it's discounted, unless they do something and do something decisive.
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If you try to put a macro story with (Wednesday's) moves, it would be caution about how the BOJ is going to move and when they're going to move.
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If you try to put a macro story with moves, it would be caution about how the BOJ is going to move and when they're going to move.
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In broad terms there's two camps fighting over whether we think the dollar's going to benefit or lose ground,
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It's also important to note that the point of the election was to strengthen Koizumi's reform mandate, so we'll be looking how he delivers on this front,
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It's also important to note that the point of the election was to strengthen Koizumi's reform mandate, so we'll be looking how he delivers on this front.
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Japanese investors are buying the dollar to purchase overseas assets, such as Treasuries.
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Japanese investors are going into Treasuries. The dollar is going to be very well supported.
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People are taking a little bit of risk off.
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People are taking a little bit of risk off. It's difficult to make a call over the next two to three days where the market is going to go.
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That's why dollar/yen is totally supported, and people underestimate the fact that this is probably going to be a theme for quite a few months to come.
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