People want to buy Asia ahead of the G7 in case China does anything or there is a change of language, ... And if you want to buy Asia the yen is a liquid vehicle.
More Quotes from Ian Gunner:
There's a general upside bias for the dollar right across the board, but that inclination is tempered a little when you come up against big events like the trade data.Ian Gunner
We're consolidating Friday's sharp move lower. I wouldn't be surprised to see a bit of a pullback first. I wouldn't want to pile in until see 1.1759 level give away -- the low for 2004,
Ian Gunner
It's the first key Fed speech since the scale of the devastation became apparent so that could be quite important if he is used as a vehicle to express Fed policy.
Ian Gunner
It's a bit dangerous to be aggressively selling the dollar at the moment. If we're still getting strong economic data it's not clear that U.S. rate increases are going to stop as soon as people think.
Ian Gunner
People are confused about the United States' stance on the dollar, ... Until there is a deliberate shift in U.S. policy, the dollar's downtrend could continue.
Ian Gunner
I don't think it changes anything too much, in terms of what he might do at the next meeting -- it's unclear but he's very much in the minority.
Ian Gunner
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