If the yen continues to strengthen, then it's not a good thing for the Japanese because their exports aren't going to be competitive into the U.S. I think as you get to 105 and pull below, it's going to hurt the Japanese stock market. So, too strong of a yen is not good.
Tom Benfer
This is just positioning within ranges but I still think the dollar is going higher.
The core number (which excludes the volatile food and energy sectors) is expected to (gain) 0.2 percent, which would be good and I think that would give the market a further sign of relief and could give the bond market a boost.
food gain good market energy relief bond give sign
The market feels if one is in trouble, there could be more we don't know about.
trouble market
Once again, it shows a lack of follow through after thoughts of intervention.
thoughts lack
I think that these countries do not want to miss out on the export opportunities in the United States and that's one of the primary reasons behind this.
opportunities reasons
The dollar was reluctant to follow movements in the equity market, but when the selling became fierce, it started to respond.
market equity selling
It's a lose-lose situation for the yen. Traders feel they shouldn't raise rates because the economy is still too weak at this point.
feel economy weak situation
People are getting ready for the end of the tightening cycle and they are beginning to feel like the dollar?s rally is nearly over.
people end feel beginning ready
good hurt strong market japanese strengthen thing
Normally that would strengthen the euro.
strengthen
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