That's why dollar/yen is totally supported, and people underestimate the fact that this is probably going to be a theme for quite a few months to come.
The view that people do hold is that the kiwi will drop. But people are nervous about doing it against the dollar, so they go elsewhere.
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.
This is yen supportive. People are starting to get quite a defined time line on when the Bank of Japan will end its easing and are quite convinced its going to happening next week.
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.