Headlines:
Dollar gives back some of its post-Fed gainsWeekly update on interest rate expectationsUSD/JPY ramps up to hit 156.00 on Ueda presserBOJ governor Ueda: Hard to say if incoming data will be sufficient to support January hikeBOJ governor Ueda: The big picture on wage trends will become clearer in March, AprilBOJ governor Ueda: January decision will be 'holistic' based on available dataBOJ governor Ueda: Decision to keep rates unchanged was based on several factorsBOJ governor Ueda: Japan economy is recovering moderately, although some weakness seenBOE leaves bank rate unchanged at 4.75%, as expectedECB's Šimkus: Inflation risks are balanced for next yearECB's Patsalides: I prefer small, gradual rate cutsGermany January GfK consumer sentiment -21.3 vs -22.5 expectedFrance December business confidence 94 vs 96 priorMarkets:
Outside of that though, the dollar struggled to maintain gains from yesterday as we see a retracement across the board.
As for bonds, short-end yields are down slightly but the long-end continues to sell off with 10-year yields in the US now rising to 4.54%. It's certainly something to keep an eye out for as we look towards the closing stages this week and into the new year.
This article was written by Justin Low at www.forexlive.com. Read More Details
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