Minoru Shioiri
Minoru Shioiri
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.
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.