BOJ Steps-Up its Efforts, US 2-10 Curve steepens, and the Dollar Softens
Marc Chandler
March 30, 2022
Overview: A pullback in US yields yesterday and the
Bank of Japan's stepped-up efforts to defend the Yield Curve Control policy
helped extend the yen's recovery. This spurred profit-taking on Japanese stocks, where the Nikkei had rallied around 11% over the past two weeks.
Hong Kong, China, and Taiwan led the regional advance. However,…
BOJ Steps-Up its Efforts, US 2-10 Curve steepens, and the Dollar Softens
Reviewed by Marc Chandler
on
March 30, 2022
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