Yen, dollar, euro moves have been stable as BOJ, Fed, ECB all guide monetary policy to achieve 2% inflation.
Hard to explain rapid yen rise in 2011 just by gap in monetary base between Japan, other economies.
Recent rise in global yields likely reflect optimism over economic recovery but COVID-19 developments remain biggest risk on outlook.
Watching forex moves carefully as they affect economy, prices.
developing story …
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