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BoE’s Brazier: keeping low rates would mean more uncertainty

BoE’s  Alex Brazier, executive director for financial stability strategy and risk, Bank of England is speaking and here are a couple of key comments from the main text: (Speech by BoE’s Brazier on ‘market finance and financial stability: will the stretch cause a strain?’) 

  • BoE has begun work on simulating bond mkt liquidity stresses
  • Boe’s Brazier: keeping rates low would mean weaker growth outlook or more uncertainty
     

FOMC: Moving in the right direction - Wells Fargo

According to analysts from Wells Fargo, yesterday’s FOMC policy statement noted that the Fed intends to continue to gradually tighten monetary policy.
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USD/JPY fails to extend gains

USD/JPY advanced to a high of 109.74 on Thursday, hitting its highest level in 6 days, although it lost momentum afterwards and pulled back slightly.
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