17 Quotes by Toru Umemoto

We're still in an environment where the Fed is likely to raise interest rates and the Bank of Japan won't for six months at the earliest. The interest-rate differential is likely to widen and that will be bad for the yen.

Negative consequences of the hurricane are appearing in economic indicators and getting hard to ignore. The dollar may slide should more figures indicate economic weakness.

Politicians' remarks opposing a policy shift have reduced expectations of an early end to the deflation-fighting policy and raised concern over the independence of the central bank. It also harms the government's credibility; It's yen negative.

Fukui's comments have become dovish on rates and suggest he has no intention to tighten immediately. The pace of U.S. rate increases is expected to be much faster, given the comments from Fed officials. This will weigh on the yen.

Some investors are worrying about the slowdown in the housing market, a key driver of the U.S. economy. The abrupt slowdown in the housing market could lead to a loss of consumer confidence and a decline in assets, which makes investors cautious about buying the dollar.

Markets have been pricing in Koizumi's victory in the elections. That's positive for the yen.

With the US trade deficit expanding and the American auto sector in pretty bad shape, I don't think Japan would want to run the risk of upsetting Washington these days.

Unlike past national elections, it seems swing voters in urban areas are supporting the LDP this time.

Strong job figures will surely reinforce the view the U.S. economy remains robust enough for the Fed to head for further rate increases. The dollar will be strong.