The Fed may have little choice if the dollar remains under pressure.
He noted, however, that the dollar remained well above its postwar low of 1.70 marks, reached in 1979.
The dollar remained above the 150-yen level for the fourth day.
Despite the sharp increase yesterday, the dollar remains well below its level of just a few weeks ago against the world's other two big currencies.
"There remains ten thousand dollars to be paid in gold," Tommy said.
Nevertheless, the dollar remained at the high end of its recent trading range.
Saying that they want the dollar to remain essentially where it is would mark a subtle change in policy.
Traders said that despite the advance, the dollar remained within its current trading range.
The dollar moved higher, but remained in a narrow trading range.
That is fine if the yen and dollar remain in place.