John Cholakis
John Cholakis
bank currency fed hardest hold japan raising
The Bank of Japan is going to be on hold while the Fed and the ECB are proactively raising rates. The yen is the hardest currency to buy.
bullish definitely european rather sooner yields
This is definitely bullish for the euro. European yields are edging higher, and the speculation is that the ECB is going to have to tighten sooner rather than later.
aggressive coming dollar result selling suggest worried
The market's kind of worried they may suggest they are coming to an end of the aggressive tightening cycle. There is some dollar selling as a result of that.
buying claims dire dollar initial number saw
The initial jobless claims number wasn't as dire as it could have been. We saw some dollar buying after that.
argument comments dollar line might people perhaps reasoning sells valid
We want to see what his line of reasoning was and if it's a valid argument, then perhaps the dollar sells off. If his comments are not as dovish as people might fear, the dollar might rally.