Tsutomu Soma Quotes
While the U.S. interest rate outlook is supportive of the dollar, people are reluctant to buy it from here because of Japanese GDP. There's also a lot of concern that if commodities continue falling, hedge funds will have to buy back even more yen to unwind their carry trades. 
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Interest | Rate | Outlook | Supportive | Dollar |
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We could have hit-and-run moves by speculators trying to break those levels around 117.30-117.35. This meeting could be a milestone in Japanese history, so it's hard to push the yen lower even if rates don't rise soon.
- Tsutomu Soma
