The housing markets had been the U.S. economy's Achilles heel. Faced with strong housing data yesterday, some dollar-bears have surrendered.
More Quotes from Michiyoshi Kato:
U.S. consumer confidence will push up the dollar by backing speculation the Fed will raise rates further. The dollar's uptrend will likely continue today.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
An end to the super-easy policy is still an important milestone toward an end to the era of zero interest rates.
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
There's sentiment building for a weaker yen. The BOJ is unlikely to raise rates soon, even after an end to its current policy.
Michiyoshi Kato
Now is a good yen-selling opportunity for Japanese importers.
Michiyoshi Kato
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It's not always about the money.Morris Chestnut
I do not say think as I think, but think in my way. Fear no shadows, least of all in that great spectre of personal unhappiness which binds half the world to orthodoxy.
Thomas Huxley
What is right and what is practicable are two different things.
James Buchanan