The Jackson Hole Symposium is this week's most anticipated event, in part due to a severe lack of other newsworthy market stories but also because two very important central bankers are scheduled to appear.
Financial markets offered a muted response towards Mario Draghi’s speech in Germany on Wednesday. Investors who were expecting fireworks left disappointed after the ECB chief maintained a safe distance from market-sensitive remarks.
The yen traded slightly lower against the dollar early on Thursday, after the BoJ kept interest rates on hold and pushed the deadline for it to reach its inflation target for another six months. As widely anticipated the central bank kept key policy rates at -0.1% and a 10-year government bond yield target of around 0%.
The British pound/U.S. dollar (GBP/USD) currency pair breaks 1.30 and nears nine-month high; spike in European yields may be adding equities to slip in recent days; Plenty of data today as central bankers take a day off.