Trade concerns and concerns over repatriation (of yen by Japanese investors selling U.S. treasuries) are the main components behind the yen's rise,
More Quotes from Lee Ferridge:
The market did go up a little on the news but now we're coming back down again because I think the good news is factored in,Lee Ferridge
We have the FOMC tomorrow and big economic numbers, which are generally seen as upbeat,
Lee Ferridge
People are still digesting Friday's data and wondering whether the short-term reaction to sell the dollar was right,
Lee Ferridge
It was a knee-jerk reaction after the reports of an earthquake. The logic behind the move is that a natural disaster in California could damage the U.S. economy.
Lee Ferridge
The euro got bought up toward the end of last week on the prospect of a deal being struck, and so often with these things in the markets, it is buy the rumor and sell the fact,'
Lee Ferridge
There is a growing realization that the Chinese move last week was not as huge as some interpreted it to be. Now people have worked out that it is not that significant a move.
Lee Ferridge
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Based on Topics: Business & Commerce QuotesBased on Keywords: repatriation, yens
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