The yen will stay under pressure because of interest rate differentials. I am not so confident how this rise in CPI will enhance the chance for a premature interest rate hike in Japan.

Armin Mekelburg

Related Quotes

It was a bad number, and traders don't have anything else important to trade off today.

— Armin Mekelburg

Interest-rate advantage is still the only game in town for the currency markets. There's no doubt the dollar can gain further.

— Armin Mekelburg

It takes comparably low amounts of orders to trigger moves. I don't think there's much meaning in it.

— Armin Mekelburg

The Japanese economy has improved and we expect this to continue.

— Armin Mekelburg

There's been dollar weakness as people have scaled back rate expectations. The market has got the impression that the fantasy the Fed would go past 5 percent was exaggerated.

— Armin Mekelburg