Salient to Investors:
Hitoshi Asaoka at Mizuho Trust & Banking expects the yen to weaken, saying should the Fed reduce stimulus, US Treasury yields will rise and the currencies of countries easing monetary policy will be sold and those of nations tightening will be bought.
Steve Brice at Standard Chartered thinks people have misread Bernanke’s comments, saying Fed policy makers are moving towards a tapering of QE, but the data is not quite there yet.
Nick Maroutsos at Kapstream Capital remains short the yen, saying the volatility in Japan is purely a result of the third arrow that Abe threw out yesterday which obviously missed the mark.
Marc Chandler et al at Brown Brothers Harriman said the BOE governor is leaving as a nascent recovery seems to be taking hold.
Read the full article at http://www.bloomberg.com/news/2013-06-05/dollar-near-month-low-on-jobs-data-fed-outlook-aussie-declines.html
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