Yasuhisa Ishida
Yasuhisa Ishida
economic fed interest january largely market meeting month next raise raising rates showing statement tracking view
The market is largely of the view that the Fed will raise interest rates next month after the statement from the January meeting showing flexibility in raising rates while tracking economic indicators.
accumulate again begun belief foreign interest japan players positions rates rising short start
Foreign players have begun to accumulate short positions on the yen again in the belief that interest rates in Japan will not start rising in the foreseeable future.
confirmed countries dollar economic interest japan major market rate shrink
The dollar was buoyed as the market confirmed that interest rate differentials between Japan and other major economic countries would not shrink for a while.
continue expected fed figures finds further hikes market rate signals stronger trend unless
The dollar's bearish (weaker) trend is expected to continue unless the GDP figures are significantly stronger (than exported) or the market finds strong signals for further rate hikes in the Fed statement.
advance almost april either fully further likelihood march market policy room shift
I think the market has almost fully priced in now the likelihood of a shift in policy either in March or April and so there is almost no room for the yen to advance any further on this lead.
easter fund investors normally start
Investors normally start making fund allocation from around the Easter Holiday.
market prefer provide ruling wait
As market participants are not ruling out the possibility that the US GDP ...may provide dollar-supportive evidence, they prefer to wait for the outcome.
forecast healthy report shows
I think that the report as forecast shows a healthy US economy.
backdrop bought provided reports turned
The US reports turned out disappointing. This provided the backdrop for the yen being bought more than expected.
ahead despite economic euro events german including key mode next release strong supportive weighed
There is a strong wait-and-see mode ahead of key economic events in the US, including tomorrow's GDP release and next week's FOMC meeting. This weighed on the euro despite a supportive strong German IFO survey.