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Minoru Shioiri Quotes
There is a growing possibility of a victory for the LDP and Koizumi by a big margin, which is positive for the yen. There is speculation that Koizumi's grip on power will strengthen, making it easier for him to promote reforms.
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Minoru Shioiri
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Koizumi
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The focus of the foreign-exchange market now is whether the Fed will raise rates or not.
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Minoru Shioiri
Investors have taken risky one-sided bets on a rising dollar this year. Some will likely continue cutting dollar holdings through the holiday period. That's limiting the yen's losses.
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Minoru Shioiri
The dollar met strong resistance due to selling by Japanese importers and speculators, and turned softer against the yen.
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Minoru Shioiri
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