Marios Maratheftis
Marios Maratheftis
agreement changes china leaving market sensitive shows strengthen
The market may see this as just rhetoric, and it shows they're not leaving China with any agreement to strengthen the yuan. The yen is most sensitive to changes in expectations on the yuan.
economic fact good investing investors japanese less missing overseas piece puzzle sign situation strong stronger translated
The situation with the yen is a very strong economic story which hasn't translated into a stronger currency. The one missing piece of the puzzle was the fact that Japanese investors were investing more abroad. Any sign that they're investing less overseas is good for the yen.
reason
It is technical, there is no real reason.
consistent market message
The message was consistent with what the market was already expecting.
although bank building cuts england half hold pressure rate second weakness
We're going to see significant sterling weakness this year. Although the Bank of England is on hold for now the pressure is building for rate cuts in the second half of the year.