The yen will be the loser among the major currencies. The BOJ is unlikely to raise rates next year while other central banks are increasing rates. The rate-gap story continues to lure investors away from...

The market would like to see whether the Fed will raise interest rates more than two more times.

The Japanese yen will remain the weakest currency on the interest rate differentials. Pressure against the yen will be spreading.

What we saw in Tokyo today shows that a small consolidation in the dollar is likely because of this technical resistance.

The domestic market view is that Japan’s monetary policy will be unchanged at this meeting and there won’t be many signals in governor Fukui’s speech for foreign investors trying to find some clues.

This is not the kind of investment they can keep on going, given the sheer scale of it and concerns about high oil prices and their impact on the global economy and corporate earnings.

The price range for the past two weeks was a bit overdone. We need a little bit of time to adjust at this level.

In the long run, this change could be seen as meaningful.

I don’t think weather issues like hurricanes can breach the trading range.

Overall, the trading is thin due to closure of the U.S. financial markets.

Besides a continuous unwinding of short-yen positions, which capped the dollar’s rise, last week’s weak (U.S.) economic figures that led to a fall in U.S. long-term interest rates also weighed down on the currency. But...

The Nikkei’s rise since July has had limited impact on the yen’s upside, but for the moment anyway, stock prices are supporting the yen,

The widening trade deficit is negative for the dollar. We see no way for the U.S. trade gap to narrow.

The trend is still consolidation for the dollar because we saw a lot of weaker-than-expected data from the States at the beginning of this year.

It’s hard to deny that capital outflows from Japan have been driving the yen’s weakness.

Markets are rapidly abandoning the forecast for the Fed to increase rates to 4 percent by year-end, and are instead pricing in 3.75 percent. People are worrying lofty oil prices and Hurricane Katrina might hurt...

Clearly one factor that has supported the dollar will disappear. So it’s better to be cautious about the dollar’s upside potential.

(Traders) realize that markets may have oversold the currency and pushed U.S. Treasury yields too low on worries that the Katrina impact could hold the Fed back from lifting rates.

What’s on peoples’ minds is the possibility of a slowdown of the U.S. economy given the accumulation of rate hikes in the past year and a half and on higher oil prices,

The impact of the U.S. data was limited as the figure was not that good to keep the dollar on the 119 yen level or higher at this point.