The US reports turned out disappointing. This provided the backdrop for the yen being bought more than expected.
More Quotes from Yasuhisa Ishida:
As the market has largely anticipated an end to the current monetary policy soon, buying of the yen will not last.Yasuhisa Ishida
The dollar was buoyed as the market confirmed that interest rate differentials between Japan and other major economic countries would not shrink for a while.
Yasuhisa Ishida
Investors normally start making fund allocation from around the Easter Holiday.
Yasuhisa Ishida
Yet, with the underlying sentiment toward the dollar being shaky at the moment, the trade report could shift market attention to deficit problems in the US and spark some dollar selling.
Yasuhisa Ishida
As market participants are not ruling out the possibility that the US GDP ...may provide dollar-supportive evidence, they prefer to wait for the outcome.
Yasuhisa Ishida
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