US policy tightening ahead, BoJ needs to take action - Opteck

Apr 21, 2016, 12:38 PM

Bill Hubard, Market Analyst for, while speaking to TipTV in the macro show's opening segment, pointed at the recent rise in the US 10-year treasury yield from 1.7% to 1.8% as an indication the Fed may proceed with policy tightening. The rise has also been blamed on rally in oil prices, since yields also respond positively to movement in inflation expectations.

Hubard also took note of massive outflows out of Japan off late, a sustained drop in Japanese benchmark index Nikkei and strength in Yen. The situation demands some action from BOJ, Hubard said, but left it at that since there is little or infact no room left with BOJ to ease further. No wonder the talk of helicopter money is gaining traction these days.

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