It's a very long time since we've had so much uncertainty about a Fed meeting. That's what's making the situation so volatile.

The dollar is going to have a hard time. Investor expectations for the Fed will run out of steam.

The thing to watch now, once the 15 minutes' 'noise' after the number is out of the way, is whether there will be a resumption of the weak dollar trend.

We are looking for 110 yen in three months, and we could well hit 100 yen later this year.

This trend where the Chilean peso has weakened with Brazil and Mexico doesn't really have anything to do with Chile at all. We think it's a very good entry point.

Japanese interest rates continue to price in tightening from the Bank of Japan. We think it's a bit premature, but the currency market is taking notice.