Tom Benfer Quotes (9 Quotes)

I think that these countries do not want to miss out on the export opportunities in the United States and that's one of the primary reasons behind this.

The dollar looks like it got too weak last week.

The market feels if one is in trouble, there could be more we don't know about.

It's a lose-lose situation for the yen. Traders feel they shouldn't raise rates because the economy is still too weak at this point.

We'll have to watch the data closely now between Aug. 24 and Oct. 4 to see how strong the numbers are. So it's going to be key now on how strong the economy looks going into October whether or not they would move again by another quarter point in October. So I think that's the question mark Do they go 50 (basis points) or do they go 75 basis points for this year

I think there is a lack of a tolerance for the yen to appreciate. I had originally thought that the yen would be trading at a range of 115 to 125, but with the BOJ coming in at 118 for two days in a row I think they are really drawing their line in the sand.

If the yen continues to strengthen, then it's not a good thing for the Japanese because their exports aren't going to be competitive into the U.S.. I think as you get to 105 and pull below, it's going to hurt the Japanese stock market. So, too strong of a yen is not good.

The core number (which excludes the volatile food and energy sectors) is expected to (gain) 0.2 percent, which would be good and I think that would give the market a further sign of relief and could give the bond market a boost.

The German IFO survey took all the wind out of any hope for successful intervention. In order to intervene, they need to have some improving fundamentals.