The yen and Asian currencies will appreciate. China week has finally begun. It will be a major focus.
More Quotes from Ryohei Muramatsu:
As the European Central Bank is turning more hawkish on its rate outlook, capital inflows into euro-denominated assets are expected to grow stronger.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
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 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
Unless the market can get a firm perception that the US Fed is ending its interest rate hike cycle, the ongoing weakness of the yen may not come to an end.
Ryohei Muramatsu
The dollar's gains today were capped around the recent peak level of 119.39 yen, because this level is also a key resistance level on charts.
Ryohei Muramatsu
Readers Who Like This Quotation Also Like:
It was a Sunday afternoon, wet and cheerless; and a duller spectacle this earth of ours has not to show than a rainy Sunday in London.Thomas de Quincey
Nay, men are so far from musing of their sins, that they disdain this practise, and scoff at it: what say they, if all were of your mind; what should become of us? Shall we be always poring on our corruptions?
Thomas Hooker
I don't care what you say about me, as long as you say something about me, and as long as you spell my name right.
George M. Cohan