The comments by Tim Adams were a bombshell. This is the first clear warning in a very long time by the U.S. that Japan shouldn't cap the rise in the yen. The implicit assumption is the yen will indeed strengthen.
More Quotes from Callum Henderson:
The Taiwan dollar is extremely undervalued. Once short-term political distractions have dissipated, people will refocus on what is a pretty positive story.Callum Henderson
What will probably happen is they will knuckle down and vote for reform. Things are getting better in Japan and the architect of that appears to be moving toward retaining power.
Callum Henderson
The dollar was pushed down against the yuan yesterday when the two senators arrived. This is yen supportive to some extent.
Callum Henderson
It is our strong belief that the dollar rally is gradually coming to an end and that we will eventually see renewed dollar weakness in 2006.
Callum Henderson
The expectation is that Koizumi will win by a reasonable majority, that reforms will go forward and the opposition to the Japan Post sale will be crushed.
Callum Henderson
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