The market is more inclined to the perception that US interest rates will rise further.
More Quotes from Ryohei Muramatsu:
There has been quite strong resistance around 118.20 yen and as the dollar failed to clear that line, it faced selling pressure.Ryohei Muramatsu
The yen and Asian currencies will appreciate. China week has finally begun. It will be a major focus.
Ryohei Muramatsu
The scale of victory was a surprise and that had a positive impact on Japanese stocks. There will be a bigger pull to buy Japanese assets over foreign bonds and stocks.
Ryohei Muramatsu
Although his comments helped the market shift back to widespread interest rate differentials and buy back the dollar, the US unit is not likely to maintain its upsurge much longer.
Ryohei Muramatsu
Yields will have a bias to rise as concern about an inflation bulge is reignited. A rate increase in March is almost a done deal and there's a chance for another move in May.
Ryohei Muramatsu
The lower demand at the five-year auction may continue in auctions in the coming weeks. This will lead investors to adopt a wait-and-see attitude for the time being.
Ryohei Muramatsu
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Happiness was not made to be boasted, but enjoyed. Therefore tho others count me miserable, I will not believe them if I know and feel myself to be happy; nor fear them.
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