Investors got too excited about a near-term policy change. This is probably not the time to bet on yen strength. We need to add more fuel to the fire to get going.
More Quotes from Sophia Drossos:
There could be a cyclical surprise... If we see another sharp rise in core inflation or see activity data to the upside, there's a danger that the market could be caught off balance.Sophia Drossos
The Australian dollar is relatively more sensitive to the global growth cycle -- not just commodities, but leverage to trade with Asia, especially China.
Sophia Drossos
Market investors appear to be looking ahead to the end of the Fed tightening cycle and its implications for the dollar.
Sophia Drossos
Through the Q A, we should get a sense of where he sees the balance of risks ... A lot of people think he is relatively more inclined to be more dovish. But if he comes across as very concerned about price stability, I think that could surprise expectations to some degree.
Sophia Drossos
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