Current market moves are second round of volatility from early AugustIt reflects concern over the US economic outlookOur basic stance is to adjust degree of monetary support if things are on trackBut that does not go without some qualificationsIf markets are volatile, we must gauge said impact on the economy and prices
This builds on the narrative that the BOJ does not want to rock the boat more than they already did in July and early August. USD/JPY keeps down by 0.2% on the day at 143.45 currently.
This article was written by Justin Low at www.forexlive.com.
