Armin Mekelburg
Armin Mekelburg
chance confident enhance hike interest premature pressure rate rise stay
The yen will stay under pressure because of interest rate differentials. I am not so confident how this rise in CPI will enhance the chance for a premature interest rate hike in Japan.
cyclical dollar early factors figures housing keen last market stress strong structural switching
The dollar's cyclical factors are waning but they haven't banished totally. The market is keen on switching to structural dollar stress factors but it's too early -- we also had strong housing figures from the U.S. last week.
economy expect improved japanese
The Japanese economy has improved and we expect this to continue.
low meaning orders takes trigger
It takes comparably low amounts of orders to trigger moves. I don't think there's much meaning in it.
economy-and-economics expecting increases optimism people rate repeat sometime state
They're going to repeat their optimism on the state of the economy. People are expecting rate increases sometime this year. So this is all going to give the yen strength.
dollar fantasy fed impression market past people percent rate weakness
There's been dollar weakness as people have scaled back rate expectations. The market has got the impression that the fantasy the Fed would go past 5 percent was exaggerated.