Minoru Shioiri
Minoru Shioiri
fed focus market raise rates whether
The focus of the foreign-exchange market now is whether the Fed will raise rates or not.
adjustment against closer coming current dollar europe fed final japan looking rally rate recent stage
The yen is looking undervalued at current levels. The Fed is probably getting into the final stage of rate hikes, and Japan and Europe may be coming closer to a tightening policy, so there may be some adjustment in the recent rally in the dollar against the yen and the euro.
accelerate euro gap japan likely momentum region strongly supportive widening
The dollar's upward momentum is likely to accelerate on the payrolls figures. The widening U.S. rate gap over Japan and the euro region is strongly supportive for the dollar.
bets continue cutting dollar holiday investors likely limiting rising risky taken
Investors have taken risky one-sided bets on a rising dollar this year. Some will likely continue cutting dollar holdings through the holiday period. That's limiting the yen's losses.
committee data federal fresh hike housing largely likely march market open rate release starts thursday trading waiting
The market is also waiting nervously for the release Thursday of the US housing starts data for any fresh trading leads, after having largely priced-in the likely rate hike at the March Federal Open Market Committee meeting.
advise books cut losses order profits quarter
These books and seminars usually advise them to book profits or cut losses by the order of, say, a quarter of a yen.
anyone concrete direction impression
I don't get the impression that anyone really has a concrete idea (about the pair's direction) at this stage.
below downside euro firm given interest likelihood limited rate remain room seems zone
While the downside seems to be firm below the USD1.90 level, the euro has only limited room to gain, given the likelihood that interest rate differentials between the euro zone and the US will remain wide.
easier grip growing positive power promote victory
There is a growing possibility of a victory for the LDP and Koizumi by a big margin, which is positive for the yen. There is speculation that Koizumi's grip on power will strengthen, making it easier for him to promote reforms.
concern dollar economic growing increases people rate recent weak
With the recent weak data, there is growing concern about the U.S. economic outlook. That lowers expectations for rate increases and is weighing on the U.S. currency. People are dollar bearish.