Faster than expected Fed tightening could push Eurozone yields higher – ECB’s financial stability review

FXStreet (Mumbai) - The latest ECB’s financial stability review says the faster than expected Fed tightening could push the government bond yields across the Eurozone higher.

Key Points

Low level of systemic financial risk in Eurozone

See risk of rising debt sustainability concerns

No asset bubbles in corp bonds ,equities residential real estate

JPY broadly unchanged as BOJ minutes reveal concerns - MUFG

Derek Halpenny, European Head of GMR at MUFG, the minutes from the last BOJ monetary policy meeting on 30th October revealed increased concerns over downside risks to the economy.
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PBOC lets 3 central banks to trade in onshore forex market

In its latest effort to open up China’s forex markets, the country’s central bank PBOC announces that first seven financial institutions have registered for entry to the country's interbank FX market, Reuters reports.
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