This sort of second guessing (in the market) will continue until we actually see what the real impact of the situation is going to be on the U.S.

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,

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,

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.),

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

There's not a lot of activity around.