As long as U.S. rates are rising you've got this double-whammy effect of spare cash looking for yield and yield is there (in the U.S.),

As long as U.S. rates are rising you've got this double-whammy effect of spare cash looking for yield and yield is there,

We've had some good moves early week and we're looking for another trigger for the next big-figure move in the dollar.

This would free up cash now, while still minimizing their exposure to rising rates during the period they expect to remain in the house.

It's also important to note that the point of the election was to strengthen Koizumi's reform mandate, so we'll be looking how he delivers on this front,

Until the dollar breaks through some sort of bigger levels...I don't think we're going to get another leg up.