It's likely to be another difficult year for the rand. As the yield gap narrows, that will make it more difficult for South Africa to attract the investment it needs.
We would need a very bad trade number to hurt the dollar against the euro, given positive dollar sentiment at the moment.
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.
The move in the yen has spilled over on the perception the dollar will continue to gain as the Fed keeps raising rates.
After we failed to break the year's lows against the euro, people decided to take some money off the table. Hedge funds are among those selling the dollar, and they're causing this sharp move upward.
After the trade deficit data in 9 out of 11 occasions the dollar went up. We need extremely bad numbers to put pressure on the dollar.
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.
People have got high hopes for this number, to justify some of the bigger expectations for Fed rate increases we've seen develop this week. No one's going to want to put on big bets before the report though.
We don't expect another rate cut ..., but there is still the risk that rates might be cut again at some point if the economy should slow further.
People are unwinding short yen positions ahead of the BOJ meeting. Some market participants are speculating on what kind of the language and economic assessment would come out of the meeting.
