That is one way to look at it and perhaps what traders are leaning towards for now. And that's also reflected in the bond market since last week. 10-year Treasury yields are well off the highs of 4.80% and are now down to 4.58%, though keeping fairly steadier so far today.
But essentially, we're slowly gravitating towards focusing on the BOJ policy decision next. That is arguably the most crucial key risk event remaining for this week. A rate hike beckons for Ueda & co. with traders pricing in ~88% odds of a 25 bps move currently.
This article was written by Justin Low at www.forexlive.com. Read More Details
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