A weaker yen is one of the only levers left to pull, and it’s being pulled.




(No Ratings Yet)But we think there are still some more weak economic data in the pipeline.




(No Ratings Yet)Buying euros and selling yen is a better way to trade the euro recovery story,




(No Ratings Yet)We expect a softer tone to the data after the weakness in the August employment report,




(No Ratings Yet)The dollar is performing well across the board, and capital flows are still very much a factor,




(No Ratings Yet)There are still some signs of tightness in the labor market.




(No Ratings Yet)The European Central Bank is worried that weakness in the euro will result in inflation.




(No Ratings Yet)The downgrade was not a big shock. It had been rumored for months,




(No Ratings Yet)The euro rallied from mid-May to early June on the slower U.S. growth story,




(No Ratings Yet)It’s not helpful for the dollar, but again, it’s not much of a surprise.




(No Ratings Yet)At least the ECB showed that it is still willing to intervene to support the euro,




(No Ratings Yet)This has resulted in an attractive real rate environment in the United States.




(No Ratings Yet)I don’t know that the situation is so dire that they have to hike 50.




(No Ratings Yet)The GDP report calls into question any measurable landing at all




(No Ratings Yet)In general, we are still looking for a deteriorating fundamental backdrop,




(No Ratings Yet)The consensus is the Bank of England will leave rates unchanged.




(No Ratings Yet)The euro is doing fine, … It is consolidating, but in general will continue to strengthen.




(No Ratings Yet)Ultimately, we think the yen will weaken again, and Japanese investors will continue to look abroad.




(No Ratings Yet)I think this is what helps me feel good. I suck in a lot of oxygen while rowing.




(No Ratings Yet)The Japanese economy is closer to a self-sustaining recovery, but it’s not there yet.




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