It is highly likely that the 2 trillion yen buying in August reflected the market's expectations that Koizumi's victory will support the stock market, and that foreign buying could take a respite this month,
More Quotes from Osamu Takashima:
The concern is that the protest will lead to violence, which will hinder the government's efforts to cut subsidies and the budget gap. That is weighing on the currency.Osamu Takashima
Should Fukui go further than his previous comments on a policy shift, that will likely be a yen-buying factor.
Osamu Takashima
Money should flow into Japanese government bonds, including from foreign investors. It wouldn't be surprising for the recent rise in yen interest rates, which had been ignored by the market until now, to garner attention.
Osamu Takashima
The market has already priced in another interest rate hike in March so the dollar's scope for further gains on rate hike expectations is limited.
Osamu Takashima
An increase in oil imports means more demand out of Japan for the dollar to buy them.
Osamu Takashima
Expectations of further increases in U.S. interest rates are partly encouraging investors to take money out from Asian stocks. Fund outflows have been weighing on regional currencies.
Osamu Takashima
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