While the US Federal Reserve Board is exploring ways to exit from the interest rate-hiking cycle, investors are gaining strong confidence in the strength of Japan's economic fundamentals.
More Quotes from Ryohei Muramatsu:
Recent rises in yields of Japanese government bonds, combined with this emerging uncertainty over prospects for US interest rates, are expected to weigh on the US currency against the yen in the near term.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
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
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
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
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