Japanese traders gird for Fed to anchor yields, clip dollar's wings
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, 2020-06-09 at 01:10 PM (1264 Views)
By Stanley White
TOKYO (Reuters) - Japanese investors have clipped the wings of a resurgent U.S. dollar as they position for the likelihood that the U.S. Federal Reserve will take steps to flatten the Treasury yield curve.
Ahead of the Fed's two-day policy meeting that ends on Wednesday, speculation is growing that the U.S. central bank might adopt yield targets on bonds, or some other measures to anchor long-term yields.