Strong figures on producer prices will ignite inflation worries, giving the Federal Reserve cause to lift rates as much as twice. That's dollar supportive for sure.
More Quotes from Akihiro Tanaka:
Market players pay keen attention to what those officials may say about future U. S. rate hikes.Akihiro Tanaka
Short-term players are trying to book gains on dollar-short positions and there is also buying by Japanese investors.
Akihiro Tanaka
Before setting their profit target for the next fiscal year, they need to bolster their earnings by bringing money back at this time every year.
Akihiro Tanaka
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