The BoJ defied market pressure this week by maintaining its ultra-loose monetary policy.
How long, though, can the BoJ stick with this approach? Over the next several weeks, the markets should put their resolve to the test.
Markets received more comfort from US inflation data in the shape of declining PPI as the US inflation peak appears to be confirmed.
Markets for short-term interest rates continue to price in two Fed rate cuts for the second half of this year, but are they accurate?
Although UK inflation decreased, the headline rate is still over 10%, and average weekly salaries increased this week, so the picture for the UK is still unclear.
