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Short-term rate expectations remain the single most important factor for dollar/yen,


Tomoko Fujii

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Interest rate expectations are driving the dollar.
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We remain long dollar/yen from 116.70 heading into the new year.
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The fact that it's actually shrinking gives the dollar a short-term boost.
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In the short-term, sentiment [towards the dollar] is probably quite negative.
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The bigger factor for the Taiwan dollar is still the yen's performance against the US dollar.
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We don't have significant dollar demand. This is short-term demand.
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We've seen dollar/yen slip on that China comment.
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