Summary: Today, we look at how markets closed last year, noting the weakening of the US dollar in to year-end even as US treasury yields backed up in
The US Dollar index retreated following the BoJ policy announcement helping EUR/USD edge higher. Later in the day we have US building permit data which could r
The Bank of Japan shocked markets by widening its target band for the 10Y JGB yield, lifting the upper ceiling to 0.5% from 0.25%. In consequence,
Summary: The Bank of Japan surprised markets with a tweak to it yield curve control policy, likely setting the stage for an eventual exit in 2023. Ev