Luke Waddington

Luke Waddington
fact few months people quite theme totally
That's why dollar/yen is totally supported, and people underestimate the fact that this is probably going to be a theme for quite a few months to come.
caution move
If you try to put a macro story with (Wednesday's) moves, it would be caution about how the BOJ is going to move and when they're going to move.
election looking note point reform strengthen
It's also important to note that the point of the election was to strengthen Koizumi's reform mandate, so we'll be looking how he delivers on this front.
caution move
If you try to put a macro story with moves, it would be caution about how the BOJ is going to move and when they're going to move.
cuts market rates saying surprise terms
The market is saying what we're not going to get is a surprise in terms of rates -- we're not going to get some cuts because of storm-damage problems.
banks buy chinese good return shares
Chinese banks may want to buy yen and see if they can get a good return on shares in Japan.
unless
I think it's discounted, unless they do something and do something decisive.
buying dollar investors japanese overseas purchase
Japanese investors are buying the dollar to purchase overseas assets, such as Treasuries.
benefit broad camps fighting fights-and-fighting lose terms whether
In broad terms there's two camps fighting over whether we think the dollar's going to benefit or lose ground,
cash effect looking rates rising spare yield
As long as U.S. rates are rising you've got this double-whammy effect of spare cash looking for yield and yield is there,
bit call days difficult market next people risk taking three
People are taking a little bit of risk off. It's difficult to make a call over the next two to three days where the market is going to go.
bit people risk taking
People are taking a little bit of risk off.
caught forced market players short trim
The market was caught a little short there and some intraday players were forced to trim positions.
continue guessing impact second situation sort until
This sort of second guessing (in the market) will continue until we actually see what the real impact of the situation is going to be on the U.S.