Yasuhisa Ishida Market Quotations

I think the market has almost fully priced in now the likelihood of a shift in policy either in March or April and so there is almost no room for the yen to advance any further on this lead.

Yet, with the underlying sentiment toward the dollar being shaky at the moment, the trade report could shift market attention to deficit problems in the US and spark some dollar selling.

As the market has largely anticipated an end to the current monetary policy soon, buying of the yen will not last.

As market participants are not ruling out the possibility that the US GDP ...may provide dollar-supportive evidence, they prefer to wait for the outcome.

The dollar was buoyed as the market confirmed that interest rate differentials between Japan and other major economic countries would not shrink for a while.

The dollar's bearish (weaker) trend is expected to continue unless the GDP figures are significantly stronger (than exported) or the market finds strong signals for further rate hikes in the Fed statement.

The market has largely factored in another US rate hike this month. The focus is to find out in the accompanying statement whether the Fed will raise interest rates further.

The market is largely of the view that the Fed will raise interest rates next month after the statement from the January meeting showing flexibility in raising rates while tracking economic indicators.