Niels Christensen
Niels Christensen
Niels Anton Christensenwas a Danish-American inventor whose principal invention was the O-ring, the ubiquitous hydraulic seal...
boost building consensus economy figure good market means move news quickly reasonable support though unwilling
Even though there was a reasonable GDP figure the market was unwilling to give the yen good support. There's a consensus building that the BOJ isn't going to move quickly and that means the good news for the economy isn't enough to boost the yen further.
assured current economic market needs rate supportive
The current rate expectations are still supportive for the dollar. But now the market needs to be assured by upcoming economic data.
limited people positions positive seeing suddenly
It is more a squaring of positions than suddenly people seeing anything positive about the dollar. Intervention has a limited and short-lived impact. It has not started an uptrend in dollar/yen.