We are still focused mainly on the potential that the Bank of Japan has decided to officially end its intervention. This is helping to boost the yen,
More Quotes from Mike Malpede:
We had a stronger-than-expected industrial production number from Germany, which is giving underlying support to the euro, and the third factor is the weakness in the equity market,Mike Malpede
There have been rumors in the currency trade that there maybe more changes and possibly John Snow may be replaced and that could lead to speculation that the administration may want to change the dollar policy, which I think is far-fetched.
Mike Malpede
The yield differential is going to limit any real upside for the euro right now.
Mike Malpede
It seems as though the whole dynamic is based on safe-haven flows. It starts to give pause to what's going on there. It brings the news closer to home.
Mike Malpede
There is a perception that today's unemployment rate numbers could convince the Fed to keep lifting rates into May.
Mike Malpede
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