These books and seminars usually advise them to book profits or cut losses by the order of, say, a quarter of a yen.
More Quotes from Minoru Shioiri:
From the perspective of the interest-rate gap, the yen is the hardest currency to buy. Japan is far away from raising its interest rate. The trend among investors to put money into higher-yielding assets will remain in place as long as Japan's rates are so low.Minoru Shioiri
With the recent weak data, there is growing concern about the U.S. economic outlook. That lowers expectations for rate increases and is weighing on the U.S. currency. People are dollar bearish.
Minoru Shioiri
The yen is looking undervalued at current levels. The Fed is probably getting into the final stage of rate hikes, and Japan and Europe may be coming closer to a tightening policy, so there may be some adjustment in the recent rally in the dollar against the yen and the euro.
Minoru Shioiri
There is a growing possibility of a victory for the LDP and Koizumi by a big margin, which is positive for the yen. There is speculation that Koizumi's grip on power will strengthen, making it easier for him to promote reforms.
Minoru Shioiri
Investors have taken risky one-sided bets on a rising dollar this year. Some will likely continue cutting dollar holdings through the holiday period. That's limiting the yen's losses.
Minoru Shioiri
Readers Who Like This Quotation Also Like:
Based on Keywords: seminarsI never predict anything, and I never will.
Paul Gascoigne
Heroes, whatever high ideas we may have of them, are mortal and not divine. We are all as God made us and many of us much worse.
John Osborne
I was emotionally and spiritually dried up, so I was just searching for God.
Scott Stapp