Yen Extended Down Trend as US 10-Yr Yield Hit 2.5, Euro Vulnerable Again
Yen was once again the runaway loser last week as global benchmark treasury yields, except JGB, surged. BoJ has clearly put a cap in 10-year JGB yield and the result is widening spread and persistent Yen selloff. Euro showing some...
Week Ahead: Russia/Ukraine Battles Continue; Core PCE and NFP on Tap
Last week was about the US and NATO working to help Ukraine. However, the Russian invasion into Ukraine continues this week as the top Russian negotiator said that no progress is being made on main political issues. Can the two...
The Weekly Bottom Line: Fed’s Focus Tilts Squarely on Restoring Price Stability
U.S. Highlights In a carefully crafted speech this week in D.C., Fed Chair Powell reaffirmed the Fed’s keenness for a more aggressive removal of monetary stimulus in order to restore price stability. Powell highlighted the potential for the Fed to...
Week Ahead – An Encouraging Recovery
Are investors correct to be optimistic? Investors appear remarkably calm at the moment given the level of uncertainty we’re facing this year, from inflation to interest rates and even Covid, when you consider China is still embracing lockdowns. Throw soaring...