Alex Beuzelin Market Quotations

If, in the days going forward, Japan does not make good on its promise (of weakening its currency), market sentiment could shift back in favor of the yen.

The risk would have been coming out with someone the market doesn't know, or who is a monetary hawk.

The sharp rally on Wall Street is filtering through the currency market and lifting the U.S. dollar.

Deteriorating market sentiment for the U.S. economy and yesterday's less-than-ringing endorsement of the strong dollar policy by Treasury Secretary Paul O'Neill fueled the dollar's latest losses,

There isn't too much conviction in the market today to trade the dollar in an aggressive fashion.

The fact that yen weakened on the news means the market takes the Bank of Japan's pledge seriously.

The market's positive outlook for the Japanese economy continues to support the yen as it hit a two-month peak against the dollar, ... Technical factors continue to play a determining role in the behavior of the foreign exchange market as traders await next week's FOMC meeting. Despite recent encouraging euro-zone economic data, the euro is trading at a two-week low against the U.S. dollar.