The market may see this as just rhetoric, and it shows they're not leaving China with any agreement to strengthen the yuan. The yen is most sensitive to changes in expectations on the yuan.
More Quotes from Marios Maratheftis:
We're going to see significant sterling weakness this year. Although the Bank of England is on hold for now the pressure is building for rate cuts in the second half of the year.Marios Maratheftis
The dominating theme in the market is yield. That's supporting the dollar and will continue to do so in the short term until the Fed signals it's thinking about the end of the rate cycle.
Marios Maratheftis
The market has its doubts that the new German government is going to be able to proceed with the necessary economic reforms, ... People aren't going to be buying the euro on the basis of this result, because we need to see some evidence that the new government will deliver.
Marios Maratheftis
The currency will continue to appreciate at a gradual pace. We don't believe China will get rid of its gradualist approach.
Marios Maratheftis
Economic news from Japan is positive, but the yen isn't benefiting from this very much because we're not likely to see a change in the interest rate policy yet. It's going to be difficult for the yen to stage a convincing recovery until the BOJ acts.
Marios Maratheftis
His (Weber's) comments are across-the-board hawkish... But the market has to see action. The rhetoric doesn't excite the market anymore,
Marios Maratheftis
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Based on Topics: Agreements Quotes, Rhetoric QuotesBased on Keywords: yen, yuan
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