Fed’s Fisher: US not like Japan
“We are not going to let that happen” he says after a speech in Houston. The housing market will not be a driver of the economy for years and the economy will take quite some time to recover, he says.
After repricing after the US data this morning, markets have fallen into a quiet consolidation, awaiting more economic data tomorrow and Friday. EUR/USD is at 1.2800, USD/JPY at 84.45 and AUD at 0.9080.
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Today surprisingly there was not a single statement from JPY officials. Did they stop watching the Yen with great interest?
monoj: they have probably realized that nobody is caring what they say anymore. I even started to think that boj governer and cabinet members are also long in yen against USD .
OOPS someone named Lance made a remark yesterday. It was noted. Watch out, as complacency catches folks with their shorts,pants,knickers,skirts,and Scottish Kilts down. I had a hunch correlations would get tossed about, to catch traders off guard. They were today. Example eur/jpy and usd/jpy before the NY open. Also the eur/usd equation.