Keizo Tanaka
Keizo Tanaka
bank bets central closer concern dollar raising trades zealand
The yen is benefiting from a reversal of bets on yen-carry trades on concern the New Zealand dollar will fall. The unwinding of that trade also is going on amid speculation the central bank is getting closer to raising rates.
comments fade likely policy press shift supported until
The yen may be well supported until Fukui's press conference. Expectations of his hawkish comments on a policy shift are not likely to fade away.