BOC Interest Rate Decision: Another Hike?
After its last meeting, the BOC Governor Macklem said that the likely course would be a pause, unless there was a major change in the data. Of course he said it with a lot more words and technical jargon, but that was the essence of the message. Naturally, the markets adjusted the expectation to the […]
BOJ Interest Rate Decision: Another Surprise?
Yen pairs have been extraordinarily active these last couple of days. Implied volatility in the USDJPY rose to a six-month high. There is a lot of apprehension about what might happen at the BOJ’s interest rate decision overnight. Which is funny, because the consensus among economists and analysts is that there won’t be any change […]