The dollar's rise was the result of position-adjustment with market developments overseas failing to give clear direction.
More Quotes from Masamichi Koike:
Long-term U.S. interest rates have risen as the market has started to price in the likelihood that the Federal Reserve will keep raising rates beyond 5 percent.Masamichi Koike
Another interest rate hike in March is a 'done deal' among market participants and a pause is likely to come after that in May.
Masamichi Koike
The forecast of a narrowing of the trade deficit forecast is only after the record deficit last time.
Masamichi Koike
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