Yesterday’s price action across financial markets was intense. The yen strengthened almost 4% against many of its peers, falling 6 yen against the greenback. Currency markets absorbed the impact across the trading day as dealers and traders maneuvered around the new policy. The pound and euro regained much of the ground they lost overnight, while equity markets followed suit.
On the economic calendar today, US consumer confidence and existing home sales, as well as Canadian inflation will be the highlights. Markets will continue to quieten down as participants from across the globe begin their well-deserved holidays.
Written by Viv Savani. 6:54am, December 21st 2022
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