Quotes by Michael Metcalfe

“The market had got a little excited recently because people thought we might get some sort of tax cut announcement today as well.”

“For the last couple of months there has been a buildup of economic optimism in Japan. Any evidence the pace of expansion may slow can have a negative impact on the yen.”

“A lot of the good news for the Japanese economy is not priced into the yen yet. If the flow of money abroad from Japanese investors slows that will allow the growth story to come to the fore.”

“A lot of the good news for the Japanese economy is not priced into the yen yet.”

“In terms of any macroeconomic shock, it is all going to come through the oil price.”

“The fact that Fukui is backing away from the optimism rates will go up could prove a bit of a problem for the yen. Investors are looking for some follow through from policy makers in order to be confident about pushing the yen higher.”

“The equity markets strength is going to continue and thats proving a great attraction for foreign investors. That will help the currency somewhat and is indicative of an economy that is outperforming its peers.”