Global | Monetary Policy & Inflation | US
Markets to Watch This Week: Doves Could Dominate, BoC to Hike 25bp
- By Bilal Hafeez and Ben Ford
- 3 min read
We standardise WoW price changes across different markets to allow for cross-market comparisons.
Market Moves Over the Past Week
Over the past week, the Bank of Japan (BoJ) failed to widen the yield curve control (YCC), contrary to our expectations. Instead, they added a new operation to help support the existing band (+/- 50bps). Japan yields retraced while JPY weakened (Charts 1 to 3). We think the BoJ will likely have to abandon YCC this year – it is just a matter of timing.
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