Markets are looking again to challenge the lows of the year in eurodollar, which were approached yesterday. People are tempted to look at those levels again,
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We continue to believe the fundamentals remain strong but are concerned about the company's ability to consistently close deals.Tim Fox
Positioning is against the euro. As we get into the weekend, the markets may start to pare back some of that pessimism. The market is a bit short of euros. There could be some short covering, which could benefit the single currency.
Tim Fox
A crucial aspect is going to be the Nikkei, ... The Nikkei has been driving the yen higher, trying to latch on to the strength of the Japanese stock market before it actually gets going is what's drawing money back home to some extent and also from overseas investors.
Tim Fox
Most analysts disagree, though. Such a large reduction could spook the markets into thinking the downturn will be more severe than previously feared, ... and that could be a self-fulfilling prophesy.
Tim Fox
Last week, there were comments from other Japanese officials which seem to imply that the Bank of Japan was standing back to some extent from the previous policy of intervening. And it wouldn't be completely against the wishes of the U. S. Treasury if the dollar were to weaken a little bit further. It would actually keep the pressure on Japan to reform.
Tim Fox
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