Michael Metcalfe Quotes (4 Quotes)

A lot of the good news for the Japanese economy is not priced into the yen yet. If the flow of money abroad from Japanese investors slows that will allow the growth story to come to the fore.

The fact that Fukui is backing away from the optimism rates will go up could prove a bit of a problem for the yen. Investors are looking for some follow through from policy makers in order to be confident about pushing the yen higher.

For the last couple of months there has been a buildup of economic optimism in Japan. Any evidence the pace of expansion may slow can have a negative impact on the yen.

The market had got a little excited recently because people thought we might get some sort of tax cut announcement today as well.