I think [a tame CPI increase] would give the market a further sign of relief and could give the bond market a boost. |
I think that these countries do not want to miss out on the export opportunities in the United States and that's one of the primary reasons behind this. |
I think there is a lack of a tolerance for the yen to appreciate. I had originally thought that the yen would be trading at a range of 115 to 125, but with the BOJ coming in at 118 for two days in a row I think they are really drawing their line in the sand. |
If the yen continues to strengthen, then it's not a good thing for the Japanese because their exports aren't going to be competitive into the U.S.. I think as you get to 105 and pull below, it's going to hurt the Japanese stock market. So, too strong of a yen is not good. |
Investors are still willing to sell the euro in any rally, which is why we don't get a bounce. |
It's a lose-lose situation for the yen. Traders feel they shouldn't raise rates because the economy is still too weak at this point. |
Normally that would strengthen the euro. |
Once again, it shows a lack of follow through after thoughts of intervention. |
Our market watches the equity market very closely. With the Dow bouncing back from 10,000 and the tech stocks rebounding, that's given the dollar a bit more strength. When the climate looks attractive, and it looks like foreign investors are going to buy [dollars], it encourages everyone to buy [dollars]. |
People are getting ready for the end of the tightening cycle and they are beginning to feel like the dollar?s rally is nearly over. |
People are getting ready for the end of the tightening cycle and they are beginning to feel like the dollar's rally is nearly over. |
The core number (which excludes the volatile food and energy sectors) is expected to (gain) 0.2 percent, which would be good and I think that would give the market a further sign of relief and could give the bond market a boost. |
The dollar looks like it got too weak last week. |
The dollar was reluctant to follow movements in the equity market, but when the selling became fierce, it started to respond. |
The German IFO survey took all the wind out of any hope for successful intervention. In order to intervene, they need to have some improving fundamentals. |