Carsten Fritsch Quotes

The main reason for the yen's strength is the data we got overnight -- it suggests deflation is coming to an end.

- Carsten Fritsch

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Main | Reason | Strength | Data | Overnight |

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The unexpectedly strong increase of the ISM service sector index, hawkish comments from Poole and expectations of strong employment data this Friday led to renewed rate rise expectations. - Carsten Fritsch

It's the continuation of unwinding of yen short positions following further comments from Japanese officials. This time it was the government official, which suggested the government may agree with the BOJ to change policy. - Carsten Fritsch

Today's decision means the end of zero interest rate policy is coming closer. Less liquidity is available for yen carry trades and that should be positive for the yen. - Carsten Fritsch