There has been a good bit if chatter among traders following an article in the FT this morning. It sounds as though the Fed is considering altering its phrase “for some time” . 10 year notes are near the top of recent ranges, around 3.47%.
The rate-sensitive USD/JPY has probably benefited most from the talk. US investors continue to buy USD/JPY in large amounts, a trend we’ve seen over the last three sessions.
