The yen has gained on the vote of confidence in the Japanese economy, and that rates may start to rise sooner than expected.
More Quotes from Adam Cole:
There is a limit to the negative effect on the yen of the capital outflows that have been driving it down for the last two months,Adam Cole
The broad picture shows the economy is growing at much the same pace in the third as the second quarter,
Adam Cole
People are keen to see more evidence of rates going up in Europe and further comments are helping the euro bulls. I don't see a big move in the euro coming yet though, while U. S. rates are still this high.
Adam Cole
Fukui's comments are further reinforcing the feeling the BOJ is ending its quantitative policy. It's the vote of confidence in the economy by the BOJ.
Adam Cole
It's relatively limited at the moment, but if this does not resolve itself quickly there could be a very undesirable effect. Inflation is going to be higher than it would otherwise, against an otherwise healthy economic picture.
Adam Cole
With the election out of the way, the attention is now on the Bank of Canada. We're still at the early stages of a hiking cycle, which is moderately supportive of the Canadian dollar.
Adam Cole
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Based on Topics: Confidence QuotesA committee is a group of the unprepared, appointed by the unwilling to do the unnecessary.
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Leaving America is like losing twenty pounds and finding a new girlfriend.
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As a rule, men worry more about what they can't see than about what they can.
Julius Caesar