Yen rallies again as market selloff extends on recession fears

Financial Post | Aug 15, 2019 at 10:35 AM
  • The yen strengthened again on Thursday as signals from the bond market that the U.S. economy could be headed for a recession unnerved investors.
  • The closely watched inversion, where two-year yields trade higher than 10-year yields, has historically preceded previous economic recessions.
  • Reflecting the rising global economic risks, futures markets still imply an 84% chance of a quarter point rate cut to 0.75% in October.
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  • Yen rallies again as market selloff extends on recession fears (Reuters: Aug 15, 2019 at 10:34 AM)