Tom Benfer
Tom Benfer
coming days drawing lack line originally range row tolerance trading
I think there is a lack of a tolerance for the yen to appreciate. I had originally thought that the yen would be trading at a range of 115 to 125, but with the BOJ coming in at 118 for two days in a row I think they are really drawing their line in the sand.
dollar last looks weak
The dollar looks like it got too weak last week.
german hope improving order successful survey took wind
The German IFO survey took all the wind out of any hope for successful intervention. In order to intervene, they need to have some improving fundamentals.
feels market
The market feels if one is in trouble, there could be more we don't know about.
dollar within
This is just positioning within ranges but I still think the dollar is going higher.
bond core energy expected food further good market number relief sign volatile
The core number (which excludes the volatile food and energy sectors) is expected to (gain) 0.2 percent, which would be good and I think that would give the market a further sign of relief and could give the bond market a boost.