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Investment Bank Outlook 17-12-2021
Equity price action was more prominent in the Asian morning, as tech names weighed on local indices. USD tilted a tad lower, while UST yields were a touch higher. The highlight of the morning was the BoJ decision to maintain their rates, but will end emergency purchases of CP and corporate bonds by March 2022 as scheduled. This was a slight hawkish lean as noted by CitiFX Strategist Takashima-san, although JPY did not react to the announcement. High-beta currencies AUD and NZD struggled as equities sagged, although we note that there have been some virus concerns as well. We look forward to the last set of central ... (full story)