Wednesday, December 17, 2014

Asian Market Update: Yellen's Dollar Rally Helps Nikkei Rebound, Yuan Slumps On Reports Of More ...

Nikkei225 is leading the regional rally as remarks from Fed Chair Yellen on policy intentions in 2015 have finally helped arrest the downward reversal in USD/JPY. FOMC replaced the 'considerable time' component of its statement with the pledge to be 'patient in beginning to normalize the stance of monetary policy'



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