The yen dropped to a seven-year low against the dollar as investors bet Japan’s Prime Minister Shinzo Abe will win an early election, renewing his mandate to pursue stimulative monetary policy and structural changes.
One central bank ends QE, another increases it. This is not a trick, but a treat for the markets. The global equity markets found additional buoyancy on Friday after the Bank of Japan surprised the markets overnight by expanding its monetary easing program to about 80 trillion yen a year, up from Y60tn-Y70tn previously.
Average executive compensation rose a median 32% in 2013 at exchanges compared to falling 10% in 2012--here are the 10 highest paid CEOs in the exchange and order execution space for fiscal year 2013 as reported by KBW.
The inability of the U.S. dollar to significantly strengthen against its G10 counterparts dominated market chatter earlier this year, but a more hawkish Fed backed by strong US economic data appears to have changed the fortunes of the world’s most traded currency.