Dollar and Yen Remain Soft

Dollar and Yen Remain Soft

Zero Hedge – The US dollar and yen remain soft.  The news stream has encouraged the so-called risk-on trade.  The Greek debt buyback appears to have gone well enough that it will get dollop of aid.  Spain reportedly received 40 bln euros of bank aid.  There seems to be a potential compromise banking supervision in Europe.  On top of that, of course, the market expects the Federal Reserve to announce an expansion of its quantitative easing later today and keep the door open to further steps if necessary.

The dollar made new eight month highs against the yen, just shy of the JPY83 level.  These dollar gains ahead of the FOMC meeting underscores one of our interpretative points that the old drivers of dollar-yen, like interest rate differentials and general risk appetite, have broken down, trumped by Mr Abe and his aggressive monetary and fiscal rhetoric.

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

@https://twitter.com/candicelanier

Candice writes for several publications, including The Christian Post, Red State, The Black Sphere and Patriot Update. She is the Science & Tech Editor at the Minority Report Blog and the founder and Editor-in-Chief at Front Lines. She's also the founder of Candice Lanier's Tech News and works as a computer consultant. Additionally, Candice is an antiques dealer.

More in

boehner pelosi kiss w drudge-s

TMR Announces Release of “Righteous Views” Software

Streetwise_ITApr 24, 2015
California flag

Orange County Sheriff Responds to NRA-CRPA Letter and Agrees Not to Subject Several Hundred Pending CCW Applicants to Strict “Good Cause” Policy

Steve FoleyApr 24, 2015
US-Export-Import-Bank-via-AFP1

Momentum Grows To Let Ex-Im Expire

Steve FoleyApr 24, 2015
Samantha-Power-Obama

Caroline Glick: The New Government’s Greatest Tasks

Steve FoleyApr 24, 2015
687

Priorities: Networks Cover First Dog Bo 28 Times More Than Armenian Genocide

Steve FoleyApr 24, 2015
sc-senate-hit-list

Top 7 Rino Moments of the Week

Steve FoleyApr 24, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

December 2012
M T W T F S S
« Nov   Jan »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Archives

Copyright © 2014 The Minority Report Network