Brown: Skip the Fed, Focus on the BOJ Instead
The dollar slipped and bonds rallied as the countdown to crucial policy decisions by the Bank of Japan and the Federal Reserve entered its final stretch. The U.S. currency declined versus most of its major counterparts, while the yen advanced, with a large majority of economists surveyed by Bloomberg predicting the Fed will keep policy unchanged. European bonds gained with their U.S. counterparts, pushing Spain’s 10-year yield below 1 percent, as fixed-income traders assessed the potential results of a BOJ policy review. Mitsubishi UFJ Executive Director Brendan Brown discusses with Bloomberg's Mark Barton on "The Pulse."