Propelled by good economic figures, investors are more and more expecting the BOJ to move up the schedule for the end of its zero-rate policy. That's supporting the yen.
The markets are fixated by the upcoming Fukui comments today. He will probably try to get rising long-term bond yields under control. The yen looks weak today.
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.
Snow's admission of central banks diversifying from dollars could be used as dollar-selling material.
The high levels of industrial capacity in use could force the Fed to keep inflation in check by raising rates, boosting the dollar. The dollar was sold a bit too much this week. Now is a good buying opportunity.
The unwinding of the yen carry trades will probably continue. That will help the yen.
The Fed minutes are harming the dollar-bullish sentiment. Any gains in the dollar will be capped today.
Snow's admission of central banks diversifying from dollars could be used as dollar-selling material. Amid the already dollar-bearish sentiment, some investors are looking for dollar negative factors.
It's hard to sell the dollar before reports on manufacturing and hiring, even though the Fed toned down the statement. Fed policy is now more data dependent. And data coming in a few days look strong, supporting the dollar.
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