Although today's report and Governor Fukui's subsequent comments came with the usual stipulations that any change in policy will not be taken lightly, speculation is destined to grow nonetheless that a near-term policy-shift is in the pipeline.
More Quotes from Neil Mellor:
Clearly, US monetary policy remains a key influence on the path of the dollar and its fellow majors.Neil Mellor
The slowdown in the housing market has become dinner-table conversation and it may bring back talk of a second rate cut as the downward momentum saps consumer confidence. We are on the bearish side for the pound.
Neil Mellor
The Bank of England is walking on a tight rope as the data this week has been quite weak, pointing to downside risks in the economy. We see sterling coming down from their lift last week, going lower against the euro from here.
Neil Mellor
There's a gradual feeling that the ECB is closer to raising rates than first thought,
Neil Mellor
As always, markets will be looking to the statement. Each word holds implications for the markets, and each change will have implications for the dollar.
Neil Mellor
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But on the other side I am very glad that I can at least enjoy some freedom.
Mordechai Vanunu
You can never plan the future by the past.
Edmund Burke
It is increasingly important to be open-minded.
Tucker Carlson