The yen is benefiting from a reversal of bets on yen-carry trades on concern the New Zealand dollar will fall. The unwinding of that trade also is going on amid speculation the central bank is getting closer to raising rates.
Quotes about unwinding (16 Quotes)
There has been some unwinding of the premium attached to the dollar. There are limits to how far the euro will rally, but the United States has more room to slow than Europe, which could take more wind out of the dollar's sails.
People are unwinding short yen positions ahead of the BOJ meeting. Some market participants are speculating on what kind of the language and economic assessment would come out of the meeting.
Today is about positions unwinding and we should not confuse price action with new, fundamental, information. When unwinds of magnitude take place, they have an endgame -- those positions will square andor strong hands will dominate.
Expectations of the Bank of Japan raising interest rates this year, as shown by climbing bonds yields, may slow down the outpouring of Japanese institutional investors' money. That will also bring about an unwinding of yen carry trades by foreign investors, supporting the yen.
It's the circle of life, and it moves us all, through despair and hope, through faith and love, 'till we find our place, on the path unwinding
The reason it's important is that that's the key to unwinding some of their cable assets, that is, to sell to U S West New Media some of their cable properties in exchange for more flexibility in the corporate structure.
People are unwinding growth expectations and interest rate expectations,
A lot of what has happened has been caused by the quadruple witching. You might have seen people unwinding their positions yesterday and so today they come in little bit.
To me, music is like air, food or water. I just have to have it. I use it to shut things out when I want to study ... it helps pass the time on the long walk to class, and is just my way of unwinding at the end of the day.
Besides a continuous unwinding of short-yen positions, which capped the dollar's rise, last week's weak (U.S.) economic figures that led to a fall in U.S. long-term interest rates also weighed down on the currency. But basically, the market is thin due to Christmas holiday in major countries.
It's the continuation of unwinding of yen short positions following further comments from Japanese officials. This time it was the government official, which suggested the government may agree with the BOJ to change policy.
The unleashing of business pent-up demand will ensure that the U.S. economy's recovery will continue, but the unwinding of consumer spent-up demand will ensure that it won't come roaring back,
The story still is Japanese monetary policy and unwinding of yen carry trade. We have to look from the yen aspect and move away from a dollar-centric view.
The numbers reflect a little bit of the unwinding of consumer spending, ... It's not all of that was unexpected, given the (weak) figures we had on retail sales.
As long as concerns over possible interest rate rises are out there, the dollar is likely to be pressured by the unwinding of yen-carry trade positions.