A look at the day ahead in U.S. and global markets from Dhara Ranasinghe, Editor, Financial Markets EMEA, Thomson Reuters.
And the yen, for starters, is intent on leaving a dismal 2022 behind. It was the worst-performing major currency versus the dollar last year. Yet, on the second trading day of the new year Japan's currency is already scaling seven-months highs.
to its bond-yield control that allows long-term interest rates to rise more. The move was aimed at easing some of the costs of prolonged monetary stimulus.its inflation forecasts in January to show price growth close to its 2% target this year and next has only fueled speculation that the world's most dovish major central bank may well step back from its ultra-loose policy.early in 2023.
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