Michiyoshi Kato
Michiyoshi Kato
brighter buy cut dollar excuse fed good ground hike later laying outlook rate reserve sell supports target view
The bank's brighter outlook supports the view that the BOJ may cut the reserve target around April, laying ground for a rate hike later in the year. That could be a good enough excuse to buy the yen and sell the dollar when the Fed is nearing the end of its tightening cycle.
data figures focused further hikes home investors rate reduce sales weaker
Investors are pretty much focused on the home sales figures today. Weaker data will reduce expectations for further rate hikes in the U.S.
backing confidence consumer continue dollar fed likely push raise rates
U.S. consumer confidence will push up the dollar by backing speculation the Fed will raise rates further. The dollar's uptrend will likely continue today.
benefit bit buy extend investors japanese selling sold
Yen selling may not extend to today. Some investors sold a bit too much yen, so they may buy some back, which could benefit the Japanese currency.
data fresh further incentive industries push rate service
U.S. service industries data will be yet another fresh incentive to push up the dollar, strengthening expectations of Fed's further rate hikes.