Calm before storm ??
🚨BANK OF JAPAN CALMS MARKETS
Banks of Japan pledges no rate hikes during market instability.
This sparked a rebound in Asian markets:
- Japan +1.2%
- Korea +1.8%
- Taiwan +3.8%
Monday's meltdown was due to rate hike fears, with SocGen warning about "unwinding the biggest carry trade ever."
Global asset classes were shaken.
But the waters have calmed (for now).
Giddy up!
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