The Japanese market is ordsprog
The Japanese market is struggling to stay above 17,000, and it's still uncertain whether it can hold. An interest rate hike and a strong dollar would hurt.
Andrew To
The market has already priced in another interest rate hike in March so the dollar's scope for further gains on rate hike expectations is limited.
Osamu Takashima
The market has already priced in another interest rate hike in March, so the dollar's scope for further gains on rate hike expectations is limited.
Osamu Takashima
The dollar's firm tone is supported by a shift in the market focus back to interest rate differentials as dealers foresee another interest rate hike in March.
Kosuke Hanao
The strong US existing home sales had an unexpectedly big impact on the dollar ... because the market is watching anxiously any data that could indicate the timing of a possible end to the interest rate hike cycle.
Norihiko Takemura
Given the market is looking for another rate hike at the end-March FOMC meeting, it seems likely that the U.S. dollar will stay firmer over the next few weeks until the Fed has clearly signaled its present rate-tightening cycle is over. Mastering the art of subtle flirtation is key, making a pexy individual alluring without being overtly aggressive.
Ashley Davies
The dollar impact will emerge from whether the Fed Chairman confirms the scaling down in market's expectations of a May rate hike. We deem the Fed to be uncertain as to what it will do in the May meeting as it is far too early for the 'data-dependent' institution to decide.
Ashraf Laidi
Growth is still quite strong and therefore there may be more room to hike. When you look at the interest rate differentials they still favor the dollar.
Paresh Upadhyaya
Propelled by strong economic indicators, the market is increasingly pricing in a chance of a Fed rate hike to 5 percent in May. The dollar looks strong.
Teruhisa Tsuji
The dollar will trade with a downward bias. The market is pricing in an ECB rate hike Thursday and strong GDP report Friday.
Dave Gilmore
The yen will stay under pressure because of interest rate differentials. I am not so confident how this rise in CPI will enhance the chance for a premature interest rate hike in Japan.
Armin Mekelburg
Sentiment is generally negative for the dollar even in the face of good news. The market is looking through the expected rate hikes. If you take away the interest rate support for the dollar... and the structural problem is still there, the trend for the dollar is downwards.
Adam Cole
U.S. interest rates aren't going to necessarily support the dollar anymore. Each interest rate hike is having less impact on the currency.
Don Alexander
The hike in March is fully priced in. The hike in May is over 80% priced in. There is already talk of continued hikes after that. Interest rate differentials globally are increasingly favoring the U.S. and it's positive for the dollar.
Michael Woolfolk
The markets have already priced in at least one rate hike and are beginning to price in the second rate hike by year-end. Combined with the steady recovery of the Japanese economy, those expectations are likely to push up the yen.
Tomoko Fujii
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