Last quote by Ayako Sera
Ayako Sera quotes
The speed of the yen's weakening was likely much faster than the BOJ anticipated.
While no major changes are expected from the meeting, some tweaks to policy are possible, to adjust to the new market situation.
But ECB showed after all that it is willing to ease for a longer term, expanding what it could buy.
Renzi is not obligated to step down, but has said he intends to if he loses, which has weighed on the euro.
The strong dollar will undermine the U.S. economy in the long run, especially the manufacturing sector.
The dollar index is on an upward trend as the Trump euphoria continues.
Until tomorrow's election - the day after tomorrow, in Asian time - it is hard for investors to focus on anything else. We had U.S. employment data on Friday, which is usually a major focus, but this time, the reaction was muted.
The latest fears remind investors of the Lehman shock.
This time, there is supposed to be a safety net in place to prevent a major impact on global markets, but there are still many unknowns about this current situation, and a shortage of information.
It does give somewhat of an impression of further easing, targeting the 10-year yield at zero and setting a yield curve target. Overall, that does seem like an easing, but we really don't know if it will have the actual impact of an easing on the market, and it will take some time to find out.
Uncertainty about U.S. Federal Reserve policy is affecting global shares, and there is also uncertainly about BOJ policy as well.
There's still a lot of time between now and the Fed and BOJ meetings, and it's hard for investors to move ahead of them, with so many unknowns.
Markets aren't showing much reaction to the official China PMI, even though it edged up slightly above the 50-point level. It did not give much of a lift to Japanese markets, for which U.S. markets are a bigger factor.
It wasn't so much what Yellen said, but what Fischer said afterward that really moved markets.
Fischer's comments have raised some expectations in the market, particularly after Dudley's recent comments.
The Nikkei is up today, but there is a feeling of weakness in the market, as investors wait for the U.S. employment data to confirm the strength of the U.S. economy.
Based on our analysis, the payroll growth in July is likely to be pretty strong. I expect a figure above 200,000. That should be positive for the dollar.
The correction in JGBs is quite severe. Investors are still cutting their long positions built up ahead of the BOJ meeting.
It's hard to maintain consistent optimism when markets attain such high levels, and some profit-taking is natural.
The yen strengthened a bit because growth was stronger than many had expected. But looking at the details, there were still some concerning areas, including capital spending.
There's a clear divide between the Fed governors and regional Feds and we have to see how this will pan out.
I suspect few people were expecting a deal to cut production so his comments are hardly a surprise. Yet, the latest development seems to suggest that for oil producers to get more united they will have to feel more pain.