March did not see much change to current freight conditions as shipment numbers and rates continued to bounce along the bottom. One indicator, published
Form 424B5 Japan Bank for Internati streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
The Japanese government maintains its assessment that the economy is "recovering at a moderate pace", but with a of caution with the observation that the recovery "recently appears to be pausing."
The spotlight for the rest of the day is firmly on the upcoming FOMC minutes. Investors and traders alike will dissect for clues regarding the timing of the first rate cut, although expectations for concrete hints are tempered. However, it should also be pointed out that the narrative within certain market segments is increasingly complex.