Yen Jumps Despite Poor GDP Ahead of Tomorrow's BOJ Outcome
Marc Chandler
March 09, 2023
Overview: Seeing the drama he inspired on Tuesday,
the Fed chair tried soft-pedaling the idea that he was signaling a 50 bp hike
in March. The market did not buy it. And the odds, discounted by the Fed funds
futures rose a little above 70% from about 62% at Tuesday's close. The two-year
note yield solidified its foothold above the 5% mark. Wit…
Yen Jumps Despite Poor GDP Ahead of Tomorrow's BOJ Outcome
Reviewed by Marc Chandler
on
March 09, 2023
Rating:
Reviewed by Marc Chandler
on
March 09, 2023
Rating:
