Anomaly in US interest rates and USD/JPY disappearing – Nomura

An anomaly that was in the financial markets, namely the negative correlation between US interest rates (US-Japan interest rate spread) and USD/JPY, started to disappear in April, according to analysts at Nomura. Key Quotes “We attribute the anomaly to (1) concerns that the expansionary fiscal policies of the US Trump administration might amplify economic volatility, […]

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