Carsten Fritsch Quotations

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.

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.

We would need a very bad trade number to hurt the dollar against the euro, given positive dollar sentiment at the moment.

The structural problems have not improved and the trend is still to higher deficits. That presents a risk for the dollar.

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.

The move in the yen has spilled over on the perception the dollar will continue to gain as the Fed keeps raising rates.

A coalition of this kind would hurt the reform process considerably, and that's worrying the market. I'd expect to see further euro weakness ahead of the election.

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.

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.

There was an upgrade in the economic assessment by the BOJ and comments from governor Fukui. From that point of view an end to the zero interest rate policy is coming closer.

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.

The Fed is close to the end of its rate hike cycle while the ECB is just beginning, which removes support for the dollar.

He also suggested the weakness in the data is temporary. If he proves to be wrong and the data continues to come in soft, then that will be very negative for the dollar.

The unexpectedly strong increase of the ISM service sector index, hawkish comments from Poole and expectations of strong employment data this Friday led to renewed rate rise expectations.

The main reason for the yen's strength is the data we got overnight -- it suggests deflation is coming to an end.