The further that the Fed takes fed funds and the front end of the curve, the more attractive US-dollar-denominated debt will become to Japanese retail investors.
More Quotes from Robert Rennie:
The yen is weakening so much versus other currencies. The pace of decline of the yen is causing stress and strain within Asia, where central banks may be showing some concern.Robert Rennie
The dollar does feel as if it's gone a very long way against the euro and in a very short time.
Robert Rennie
There's two things you know about the weather One, you can't stop it and two, you can't predict it. I wouldn't want to be heavily involved in foreign- exchange markets in next 24 hours.
Robert Rennie
Whether the minutes will tell us with any great clarity what lies ahead remains to be seen but at least for the moment the market is basically pricing in two more 25 basis points hikes.
Robert Rennie
Machinery orders are important and the better-than-expected numbers will be yen-supportive.
Robert Rennie
Markets always price for the worse, then row back when it doesn't happen, ... In this case, as soon as Rita was downgraded, the dollar jumped in a relief rally. It's as simple as that.
Robert Rennie
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