People are unwinding short yen positions ahead of the BOJ meeting. Some market participants are speculating on what kind of the language and economic assessment would come out of the meeting.
Miscellaneous
Quotes, by Carsten Fritsch
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It's the continuation of unwinding of yen short positions following further comments from Japanese officials. This time it was the government official, which suggested the government may agree with the BOJ to change policy.
Miscellaneous
Quotes, by Carsten Fritsch
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The unexpectedly strong increase of the ISM service sector index, hawkish comments from Poole and expectations of strong employment data this Friday led to renewed rate rise expectations.
Miscellaneous
Quotes, by Carsten Fritsch
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It's likely to be another difficult year for the rand. As the yield gap narrows, that will make it more difficult for South Africa to attract the investment it needs.
Miscellaneous
Quotes, by Carsten Fritsch
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We don't expect another rate cut ..., but there is still the risk that rates might be cut again at some point if the economy should slow further.
Miscellaneous
Quotes, by Carsten Fritsch
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He also suggested the weakness in the data is temporary. If he proves to be wrong and the data continues to come in soft, then that will be very negative for the dollar.
Miscellaneous
Quotes, by Carsten Fritsch
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Today's decision means the end of zero interest rate policy is coming closer. Less liquidity is available for yen carry trades and that should be positive for the yen.
Miscellaneous
Quotes, by Carsten Fritsch
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A coalition of this kind would hurt the reform process considerably, and that's worrying the market. I'd expect to see further euro weakness ahead of the election.
Miscellaneous
Quotes, by Carsten Fritsch
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