"Inaction is action"

A sharp pullback in long-term US Treasury rates gave investors in the Asia-Pacific region a chance to exhale, with bond yields falling from decade highs in Tokyo and Sydney. Stocks rebounded despite another sharp fall in Wall Street overnight, giving European investors cause for optimism. Japan's Nikkei index jumped 1.5% and Hong Kong's Hang Seng was not far behind. Undoubtedly, the US dollar is still in the lead, but the yen at least retreated from a one-year low and the euro recovered after European Central Bank President Christine Lagarde announced a pause in the rate hike cycle, saying that "inaction is also action". Some market recovery on Friday would be a good respite before a possible volatile marathon next week, when the Bank of Japan, the US Federal Reserve and the Bank of England will make policy decisions on consecutive days. The ECB has raised expectations that policy tightening in the US and UK has come to an end, making the Japan meeting potentially the most interesting. Perhaps for a central bank prone to surprises, the BOJ announcement will come on Halloween, with a weakening yen and rising yields fuelling speculation of another hawkish policy shift.  Источник: https://freshforex.com/analitics/trading-news/trading-news_37000.html