Michiyoshi Kato Quotes

Yen selling may not extend to today. Some investors sold a bit too much yen, so they may buy some back, which could benefit the Japanese currency. - Michiyoshi Kato

Weaker economic indicators raise the likelihood of an earlier end to Fed tightening. It will encourage dollar-selling. - Michiyoshi Kato

Violence will surely continue to weigh on the euro. - Michiyoshi Kato

U.S. service industries data will be yet another fresh incentive to push up the dollar, strengthening expectations of Fed's further rate hikes. - Michiyoshi Kato

U.S. consumer confidence will push up the dollar by backing speculation the Fed will raise rates further. The dollar's uptrend will likely continue today. - Michiyoshi Kato

There's sentiment building for a weaker yen. The BOJ is unlikely to raise rates soon, even after an end to its current policy. - Michiyoshi Kato

The housing markets had been the U.S. economy's Achilles heel. Faced with strong housing data yesterday, some dollar-bears have surrendered. - Michiyoshi Kato

The dollar still needs a series of strong economic indicators to be buoyed. - Michiyoshi Kato

The bank's brighter outlook supports the view that the BOJ may cut the reserve target around April, laying ground for a rate hike later in the year. That could be a good enough excuse to buy the yen and sell the dollar when the Fed is nearing the end of its tightening cycle. - Michiyoshi Kato

Pressured by Japanese politicians and officials, the BOJ will be unable to end its easing of the money supply any time soon. That's pretty much yen negative. - Michiyoshi Kato

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