Tomoko Fujii
Tomoko Fujii
generally investors japanese returns seem selling sought
Japanese institutional investors seem to have sought returns by selling dollar-denominated assets. That kind of repatriation is generally yen positive.
beginning concerned earlier market rate risks
Some market participants are beginning to be concerned about the risks of an earlier rate hike.
buying election initial optimism round seems
Yen buying seems to be stalling after an initial round of optimism about the Sept. 11 election receded.
economic economy euro expanding faster figures good surely
Good economic figures will surely be euro supportive. The euro-zone economy is expanding faster than expected.
reforms
He hasn't done any reforms yet, so they would like to see the results.
bold cannot coalition euro expect grand labor looks market tax undertake weak
We cannot expect a grand coalition to undertake bold and speedy reforms, especially of the labor market and tax system. The euro looks weak now.
bold cannot euro expect labor looks market tax undertake weak
We cannot expect a 'grand coalition' to undertake bold and speedy reforms, especially of the labor market and tax system. The euro looks weak now.
along bank coming continuing dollar enthusiasm fed further hikes increases investors japan japanese likely overseas peaked push rate
Expectations of further Fed rate increases haven't peaked yet, while rate hikes by the Bank of Japan are a long way off. Along with Japanese investors continuing enthusiasm for overseas assets, that will likely push up the dollar in coming weeks.
factor rate remain single
Short-term rate expectations remain the single most important factor for dollar/yen,
abandon assume difficult economy pursue quick remains structural willing
Mr. Koizumi remains willing to pursue structural reforms, so long as the economy permits. He's not going to abandon reforms. However, realistically it's also difficult to assume very quick progress.
domestic economy exports figures increase later rate robust shows strong supporting surplus trade
The trade surplus figures showed strong exports and domestic demand. This shows the economy is robust enough to withstand a rate increase later this year, supporting the yen.
against asian china dollar including japanese leads pressure strengthen
Pressure on China to revalue against the dollar leads other Asian currencies, including the Japanese yen, to strengthen against the U.S. currency.
above data quite
It would be quite market-moving if the second-quarter GDP data comes in above consensus.
economic near outlook quiet term
In the near term the economic outlook is still quiet bleak.