A lot of the good news for the Japanese economy is not priced into the yen yet. If the flow of money abroad from Japanese investors slows that will allow the growth story to come to the fore.
More Quotes from Michael Metcalfe:
The fact that Fukui is backing away from the optimism rates will go up could prove a bit of a problem for the yen. Investors are looking for some follow through from policy makers in order to be confident about pushing the yen higher.Michael Metcalfe
The market had got a little excited recently because people thought we might get some sort of tax cut announcement today as well.
Michael Metcalfe
For the last couple of months there has been a buildup of economic optimism in Japan. Any evidence the pace of expansion may slow can have a negative impact on the yen.
Michael Metcalfe
Readers Who Like This Quotation Also Like:
Based on Topics: Money & Wealth QuotesPorts are the gaping hole in America's homeland security.
Dianne Feinstein
Don't make excuses and Don't talk about it. Do it.
Melvyn Douglas
It was under Wilson, of course, that the first huge parts of the Marxist program, such as the progressive income tax, were incorporated into the American system.
Robert Welch