There were some developments over the weekend that could affect opening of financial markets. To make matters worse, these developments are difficult to judge not only in severity but also in possible direction markets might take. After increased volatility following Bernanke’s speech on Friday, it will be interesting to see if other luminaries gathered in [...]

In anticipation of the FED conference in Jackson Hole, WY, financial markets have been quiet all week long. Perhaps not all of them, but currencies have been at best dormant. Looking back, it was a waste of time to follow them, since players seemed unwilling to commit large sums of money before Bernanke’s speech. It [...]

Interesting development in Japan last night. During a news conference Japan Finance Minister Noda detailed steps to ease pain on economy from a strong currency. He offered providing a credit facility aimed at promoting energy and resource procurement by Japanese firms. In a strange twist, the facility will take advantage of the strong Yen to [...]