Where are the yen bulls?! | MarketTalk: What’s up today? | Swissquote

Show notes

A week packed with central bank decisions starts on a mixed note after hotter-than-expected US inflation sent the US 2-year yield around 25bp higher over the week and the 10-year yield spiked past the 4.30% mark. Stocks resisted to higher yields for the major part of the week, but the mood was not brilliant on Friday. The S&P500 fell from an ATH, as equity bulls also started feeling the heat of hawkish fears before this week’s FOMC meeting and stocks in Europe were also sold off before the weekly closing bell.
The Bank of Japan (BoJ), the Reserve Bank of Australia (RBA), the Federal Reserve (Fed), the Bank of England (BoE) and the Swiss National Bank (Bank) will announce their latest policy decisions this week. The BoJ is suspected to exit the negative rates or hint that it will soon do so, the Fed could readjust its dot plot for a more hawkish tilt, the BoE and the SNB will likely cut but are not in a hurry while some hawks expect the RBA to stay pat until the end of the year.
In summary, we have a lot of central bank decisions to digest this week, along with a Reddit IPO. So it will likely be a week full of twists and turns, surprises and disappointments, and a good dose of volatility.
Listen to find out more!