Fed decision tomorrow night but BoJ decision comes in the morning.
How a ‘twist’ by the Bank of Japan could upstage the Fed
How a ‘twist’ by the Bank of Japan could upstage the Fed
“The BoJ is potentially the more important market-moving event despite a history of under-delivering on expectations,” wrote McCarthy at Jefferies. “Were the BOJ to break with history and deliver on backing away from QE to foster a steeper curve, the bear steepener will resume in the Treasury market.”