Japanese Yen Steady Despite 10-Yr Tankan High, USD/JPY Tiring

The large manufacturing Index hit 22, its highest level since September 2007 and well above the 18 print expected. The large manufacturing outlook index hit 19, again well above the expected outcome which was 16. Small manufacturing also did well with output there at its best level since 2006. The survey wasn’t quite all good news though, with a few outlook indexes missing forecasts and planned capital expenditure doing likewise. That said it...

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Will Dow and VIX Continue to Defy Seasonal Norms in Q4?

Typically, the end of the quarter is marked by rebalancing and easing on excessive, one-sided exposure. That wasn't the case through the close of the third quarter this past week. Already pushing a record high, US equities furthered their charge before the week, month and quarterly end. Perhaps the most remarkable performance comes on behalf of the S&P 500 which not only charged a record high into the close but generally closed out its eighth...

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Dollar Ends Week with Gains, Supported by Yellen

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Yen Suffers from Fischer’s Comments

Riskier currencies reacted negatively to the comments that Fed Vice Chairman Stanley Fischer made on Sunday, but safer ones, like the Japanese yen, were also not immune to the impact. As many other currencies, the yen opened sharply lower against the US dollar, though also versus other most-traded rivals. The tightening stance of the Federal Reserve is in sharp contrast to the easing...

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Week Ends with Losses for US Dollar as Policy Outlook Mixed

The US dollar continued to be driven mostly by monetary policy outlook during the past trading week. Unfortunately for the currency, the outlook was not particularly supportive, though it has changed a bit by the weekend. The dollar was rather soft for the most part of the week as most market participants remained skeptical about chances for the Federal Reserve...

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