BoJ Reboot may reinforce rise in bond yields and USD

Posted on September 19th, 2016

A longer term yield rebound has driven the USD higher in recent weeks, with less focus on short-term rates.  The rise in yields reflects a reversal from irrationally low levels and perverse strength in currencies with NIRP. The BoJ has been forced to reassess its policy approach that was no longer working.  It does not […]