Tetsu Aikawa
Tetsu Aikawa
closely falls investors watching
Investors are closely watching if the euro-dollar falls into $1.19 on a closing-price basis.
bounce dollar economic evidence fall fed given likely prospects raise rates rise supports view
The evidence supports the view that economic fundamentals have steadied in the U.S. and the dollar may bounce back from its slump. Given the prospects the Fed may raise rates two more times at least, the dollar is more likely to rise than fall from the 115 yen level.
continue investors negative overseas prices selling share sliding weigh
Overseas investors are selling their Nikkei stocks. This is yen negative for sure. Sliding share prices will continue to weigh on the yen.
considered easier foreign growing investors japanese means money positive promote putting stable support supporting victory
Expectations foreign investors will keep putting more money into Japanese equities are supporting the yen. Growing support for Koizumi is also positive for the yen because he is considered a reformer. A victory means a stable administration, which will make it easier to promote reform.
factor fed hikes pace reports signal slow slower
The Fed will probably slow the pace of interest-rate hikes after October. Should the reports signal slower inflation, that's a factor to weaken the dollar.
care comments japanese markets statements weigh
The markets care about comments by Japanese high-ranking officials, especially after the G-7 meeting. Such statements will weigh on the yen.
buying fed further hikes investors officials rate safer
Fed officials are sounding hawkish. They're signaling further rate hikes and that's making investors feel safer buying the dollar.