It just seems to be yen buying across the board at the moment, which is probably to some extent a reflection of money being brought back home ahead of the fiscal year-end.
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Yield spreads are not moving in favor of the dollar. It's a good selling opportunity.Kamal Sharma
The statement was slightly more hawkish than we were expecting but there was one vote of dissent,
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We are looking for a rise of 0.4 percent in the core index, in line with the consensus, and that could give the yen a lift.
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The US dollar may see some positional adjustment on the uncertainty of the contents of the FOMC (Federal Open Market Committee) statement after the decision ... but 25 basis points is a done deal.
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The trade surplus didn't narrow as much as people had been expecting so that's going to help the yen. The data coming out of Japan is looking pretty robust. So that's going to help the yen.
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Based on Topics: Contemplation Quotes, Money & Wealth QuotesBased on Keywords: year-end, yen
Is there not an art, a music, and a stream of words that shalt be life, the acknowledged voice of life?
George Edward Woodberry
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