Takashi Kudo
Takashi Kudo
bad balance discussed figures finance meeting raise trade
Any bad trade balance figures could raise speculation that the trade imbalance will be discussed at the forthcoming meeting of G-8 finance ministers.
bank continue current easing further gap hikes interest japan monetary narrow poised rates support wide
But, as US interest rates are now poised to see further hikes going forward, an end of the current quantitative monetary easing by the Bank of Japan will not narrow wide interest rate differentials between the two countries. And this interest rate gap should continue to support the dollar.
additional continue economy economy-and-economics hikes interest minutes needs rate support
But as the FOMC minutes also indicated that that the US economy still needs additional rate hikes ahead, interest rate differentials will continue to support the greenback.
current dollar momentum moves remains surprise test
As long as the current upward momentum remains intact, it would not be a surprise if the dollar moves to test the 120-yen level.
betting contains continued dollar expected firm hikes interest major market negative outcome rate tone underlying unless
Unless the outcome contains a major negative surprise, the underlying firm tone of the dollar is expected to be sustained, as the market is now betting on continued interest rate hikes in the US.