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Investment Bank Outlook 14-12-2021
Another quiet session in Asia, as we gear up for the week of central bank decisions. Both USD and UST yields ticked slightly higher. AUD dipped 0.3% on flows and thin liquidity. Japan saw the BOJ announce another two repo operations in what now seems clearly an effort to reverse the recent rise in repo rates as we approach year-end, although JPY was little affected by this news, trading flat on the day. Looking ahead, USD will see NFIB Small Business Optimism Tuesday (11:00 GMT), followed by PPI (13:30 GMT). GBP will eye a jobs report (07:00 GMT), followed by BoE's Breeden and Foulger on the financial stability ... (full story)