Oil and geopolitical tensions have increased the reasons to sell the dollar, so I think it will remain sluggish for the time being.

We were expecting the yen to gain towards the end of the week, given that Fukui will speak tomorrow and with the U.S. trade data coming up on Friday.

The euro was the biggest loser from HIA in 2005, but the flip side is that it probably has the most to gain against the dollar this year with those flows disappearing.

I think we'll see the dollar carry on its strong tone from Friday, at least for the first half of this week. People are still looking for higher U.S. rates.

It's inevitable that the surge in oil prices we're seeing now will eventually affect growth. The production report does raise concern that a recovery will be delayed a bit.

Investors are confident the dollar will remain strong against the yen for the time being on the prospect that the Fed will continue to raise interest rates. That view lured money into technology stocks that are sensitive to currency fluctuation.