U.S. Equities Not Out of the Woods and Yen Drops After BOJ Policy Tweet

Yesterday’s 1.2-1.6% advance in major U.S. stock market indices appears more a case of bottom-fishing than the start of an uptrend. The FOMC’s two-day policy review that starts today isn’t expected to result in an interest rate hike, but the post-meeting press conference will likely strike a hawkish tone in light of recent robust U.S. […]