Even though there was a reasonable GDP figure the market was unwilling to give the yen good support. There's a consensus building that the BOJ isn't going to move quickly and that means the good news for the economy isn't enough to boost the yen further. - Niels Christensen Quotes
Even though there was a reasonable GDP figure the market was unwilling to give the yen good support. There's a consensus building that the BOJ isn't going to move quickly and that means the good news for the economy isn't enough to boost the yen further. Niels Christensen
 Support

More - Niels Christensen Quotes

Japanese officials make statements like that when we see very rapid movements in the foreign exchange markets because they are concerned such moves can build into stronger trends. - Niels Christensen Quotes

Japanese officials make statements like that when we see very rapid movements in the foreign exchange markets because they are concerned such moves can build into stronger trends.

Niels Christensen

 
People are saying the report suggests that rates won't rise rapidly, and that's not positive for the yen. - Niels Christensen Quotes

People are saying the report suggests that rates won't rise rapidly, and that's not positive for the yen.

Niels Christensen

 People
It got a boost from comments from Poole overnight so that brought euro/dollar down by half a big figure. - Niels Christensen Quotes

It got a boost from comments from Poole overnight so that brought euro/dollar down by half a big figure.

Niels Christensen

 
There may be a few flows from some parts of Europe, but there are no major flows, and there's certainly no fresh news to trade, and there's been no surprises. - Niels Christensen Quotes

There may be a few flows from some parts of Europe, but there are no major flows, and there's certainly no fresh news to trade, and there's been no surprises.

Niels Christensen

 
The minutes were quite dovish in the sense that the Fed seems very close to the end of its tightening cycle, so I think the market move is justified. - Niels Christensen Quotes

The minutes were quite dovish in the sense that the Fed seems very close to the end of its tightening cycle, so I think the market move is justified.

Niels Christensen

 
We do expect broad-based dollar weakness to resume when or shortly after the U.S. Federal Reserve begins to signal the end of the current tightening cycle. - Niels Christensen Quotes

We do expect broad-based dollar weakness to resume when or shortly after the U.S. Federal Reserve begins to signal the end of the current tightening cycle.

Niels Christensen

 
Forces driving the dollar are still the same, concerns about the current account deficit. A rise in sterling, triggered by strong UK data, is also contributing to dollar weakness, - Niels Christensen Quotes

Forces driving the dollar are still the same, concerns about the current account deficit. A rise in sterling, triggered by strong UK data, is also contributing to dollar weakness,

Niels Christensen

 
People are reassessing the U.S. economic outlook because they had thought the recovery was jobless. People are beginning to price in the chance of a rate hike by August. - Niels Christensen Quotes

People are reassessing the U.S. economic outlook because they had thought the recovery was jobless. People are beginning to price in the chance of a rate hike by August.

Niels Christensen

 Beginning
Higher interest rates make it much more comfortable for Japanese investors to be holding dollars. The chances of rate increases in the U.S. continue to rise while in Japan the prospects are much less certain. - Niels Christensen Quotes

Higher interest rates make it much more comfortable for Japanese investors to be holding dollars. The chances of rate increases in the U.S. continue to rise while in Japan the prospects are much less certain.

Niels Christensen

 Interest
People already have a more positive view of the European economy, so they are not that fussed. The market is a bit tired after all the dollar selling this week. - Niels Christensen Quotes

People already have a more positive view of the European economy, so they are not that fussed. The market is a bit tired after all the dollar selling this week.

Niels Christensen

 Economy
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