Investors are pretty much focused on the home sales figures today. Weaker data will reduce expectations for further rate hikes in the U.S.
More Quotes from Michiyoshi Kato:
Yen selling may not extend to today. Some investors sold a bit too much yen, so they may buy some back, which could benefit the Japanese currency.Michiyoshi Kato
I just came in to do office paperwork. Markets are extremely quiet today. There's hardly any trading and volume must be less than a tenth of what's normal.
Michiyoshi Kato
Now is a good yen-selling opportunity for Japanese importers.
Michiyoshi Kato
Pressured by Japanese politicians and officials, the BOJ will be unable to end its easing of the money supply any time soon. That's pretty much yen negative.
Michiyoshi Kato
Violence will surely continue to weigh on the euro.
Michiyoshi Kato
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Based on Topics: Home QuotesNothing about it interested me. Or about anything else, except making up stories. If literacy weren't so nearly universal, God knows what I'd be. A drain on the State, I shouldn't wonder.
Donald E. Westlake
The cold harsh reality is that we have to balance the budget.
Michael Bloomberg
One travels more usefully when alone, because he reflects more.
Thomas Jefferson