In the news today was Bank of Japan's move to raise the cap on their government bond yield. This is noteworthy as it is interpreted by many as start of monetary policy tightening by Japan's central bank (Japan is one of the few developed countries to not have joined the move to tighten monetary policy). This might iron things out in the developed economies. In any case, remains to be seen how things unfold. Markets seemed shaky at start but there might have been some buyers getting back in following four straight days of red finish. All three major US indices finished in the mild green.
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