Quotes by Michael Malpede

“If Koizumi wins the majority of the parliamentary seats, then hell be able to move toward more reforms. That will benefit the yen.”

“The fact is that the hurricane is not going to be as devastating as initially thought. The downgrading is being used as an excuse to buy dollars.”

“While the comments from Fed officials suggest they are close to finishing, the Fed may still have a few bullets left in its gun. Traders arent willing yet to dump dollars.”

“You may have taken the yen as far as you can, at least based on a short-term shift in policy.”

“The yield story favors the dollar. The BOJ made as minimal a change as they possibly could; the yen is still a very low-yielding currency and theres competition for yield.”

“It means stronger growth. That will give a little bit of a bid for the dollar.”