A calm start began in global markets this week. The yen is strengthening on expectations of a rate hike ahead of next week’s BoJ meeting; USDJPY fell to 152.89.
Markets are pricing in further increases in December as well, after September.
The Kospi is rising, China is flat, while Japan and Hong Kong are weak. The US was closed yesterday for Labor Day; US and European futures are close to flat.
Trade tensions were on the agenda.
Trump targeted Bombardier; Canada also imposed additional tariffs on about $20 billion worth of US goods.
Despite this and geopolitical risks, the dollar index fell to 98.8 due to the yen’s impact. US 2-year yields are 4.36%, and 10-year yields are 4.77%.
Today, New York Fed inflation expectations will be monitored.
Markets are pricing in further increases in December as well, after September.
The Kospi is rising, China is flat, while Japan and Hong Kong are weak. The US was closed yesterday for Labor Day; US and European futures are close to flat.
Trade tensions were on the agenda.
Trump targeted Bombardier; Canada also imposed additional tariffs on about $20 billion worth of US goods.
Despite this and geopolitical risks, the dollar index fell to 98.8 due to the yen’s impact. US 2-year yields are 4.36%, and 10-year yields are 4.77%.
Today, New York Fed inflation expectations will be monitored.