The unexpectedly strong result is likely to prompt yen buying particularly from foreign investors who take it as a sign that Japan's structural reforms will make progress.
More Quotes from Tatsuro Karitani:
The headline figure was only in line with expectations and therefore it did not have any impact on market perceptions about near-term monetary policy management by the Bank of Japan.Tatsuro Karitani
Many Japanese importers will have their last business day of the year on Wednesday. They needed the dollar for the year-end settlements of their businesses.
Tatsuro Karitani
In the near-term, the euro seems to be hostage to downside risks against the Japanese yen due to growing interest for Asian currencies as a whole, and this is likely to weigh on the euro against the dollar.
Tatsuro Karitani
It seems that the ECB is now in a wait-and-see mode following the rate hike in December, which means that interest rate differentials between the US and Europe will not start narrowing (any time soon).
Tatsuro Karitani
But the dollar will remain top-heavy due to lingering concerns over an eventual end of the zero interest rate policy in Japan and uncertainty over the prospect for the Chinese yuan.
Tatsuro Karitani
Readers Who Like This Quotation Also Like:
Based on Topics: Progress Quotes, Sign & Symbol QuotesComing down under a parachute is quite different as well. You hit the ground pretty hard, but all the systems work very well to keep it from hurting, so it doesn't even hurt when you hit. It was a great experience to be able to do both.
Leroy Chiao
Spoiled. That's all it's about - can't live without this, can't live without that. You can live without anything you weren't born with, and you can make it through on even half of that.
Gloria Naylor
I listened to Billie Holiday a lot in order to learn to sing. She remains one of the extraordinary jazz singers. But my intent is to become my own voice, to be able to interpret these songs in my own way.
Madeleine Peyroux