27 Quotes by Tohru Sasaki
- Author Tohru Sasaki
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Whatever Greenspan says probably won't have a positive effect on the dollar. But all the same, it shouldn't be too negative.
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Good auction results show continuing inflows of foreign funds into the U.S., supporting the dollar.
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Japan's good economic data for the past several months have actually been a yen-selling factor.
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The data proved to be as strong as earlier expected, pushing the yen up briefly ... but the yen was later dumped after a modest upturn.
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The price action following the release of today's indicator suggests that as long as expectations for an exit from zero interest rates are not brought forward greatly, the impact on the market will be limited.
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Thinking about the market's dollar bullishness, even bad figures could push up the dollar. The dollar is likely to react to the numbers only on the upside.
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This is a yen-selling market. Japanese investors are looking for higher-yielding foreign assets.
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This is an unwinding of the yen's short positions.
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A strong CPI number would certainly back up many players' expectations for a monetary policy change in April. Considering the high number of yen-short positions, there are risks for yen appreciation in the near term.
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