We're hearing it may be 6 p.m. Tokyo before an announcement comes out, and that's making people think it's a story to react to tomorrow. The timing of it is important because we're hearing lots of rumors.
If you try to put a macro story with (Wednesday's) moves, it would be caution about how the BOJ is going to move and when they're going to move.
If you try to put a macro story with moves, it would be caution about how the BOJ is going to move and when they're going to move.
People are taking a little bit of risk off. It's difficult to make a call over the next two to three days where the market is going to go.
People are taking a little bit of risk off.
Japanese investors are going into Treasuries. The dollar is going to be very well supported.
Japanese investors are buying the dollar to purchase overseas assets, such as Treasuries.
The market was caught a little short there and some intraday players were forced to trim positions.
The market is saying what we're not going to get is a surprise in terms of rates -- we're not going to get some cuts because of storm-damage problems.
Until the dollar breaks through some sort of bigger levels...I don't think we're going to get another leg up.