“Ultimately, precise change to the yield differential is required for a sustainable correction in dollar/yen, and that might come from altering market views about BOJ, the (Federal Reserve) or recession probability.” ($1 = 134.3000 yen) (Reporting by Tom Westbrook in Singapore and site (wiki.bionicbruins.org) Alun John in Hong Kong; Enhancing by Robert Birsel)
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If you have been stashing money at large banks which have been paying next to nothing in interest for savings accounts, don’t anticipate that to vary just because the Fed is raising charges, McBride mentioned. That is as a result of the large banks are swimming in deposits and don’t want to worry about attracting new clients.
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