In response to early 2016 distress, we’ve seen a fresh wave of accommodative gestures from central banks around the globe. It started with PBOC and has been followed up by a dovish ECB, Fed that has highlighted concern for global markets, RBNZ signaling a rate cut, and now, this latest BOJ surprise to negative interest rates.
Technical & Fundamental highlights
Five day performance v. US dollar
This article originally appeared at LMAX.