Tsutomu Soma
Tsutomu Soma
correction currency decline last likely needs quite rebound remains sentiment
The dollar's decline was quite fast, particularly last week, so it's very likely we will see a correction upward. Sentiment remains bearish for the dollar, but the currency needs to rebound first.
break hard history japanese levels lower meeting moves push rates rise trying
We could have hit-and-run moves by speculators trying to break those levels around 117.30-117.35. This meeting could be a milestone in Japanese history so it's hard to push the yen lower even if rates don't rise soon.