(The yen) is still in a state of confusion and it's reflecting itself in its price patterns. The market is really unclear as to where to go right here. There are concerns about inflationary fears and that is explaining why the currency is narrowly trading.

Dennis Hynes

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We're really just in a trading range ahead of next Tuesday, but the trend is basically bullish.

— Dennis Hynes

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I don't expect the market to do a whole lot. With oil above $31 (a barrel) even after OPEC agreeing (to raise production), it does tell you that the inflation bell is ringing, so I do think you need to be concerned about that.

— Dennis Hynes

There is still principal concern over Fed tightening and we've rallied a tremendous amount since mid-May. Right now, we're kind of in breather status.

— Dennis Hynes

He's already told us that he's going to be forceful and preemptive in rate hikes. And so this is basically an exclamation point . . . all it simply does is reaffirm what he has already said: higher rates.

— Dennis Hynes

Just 30 days ago, my staff was briefed on an entirely different plan, ... So to say there's some confusion would be an understatement.