Bonds from Japan and China are moving in opposite directions, and it may soon create an opportunity not seen in two decades. The spread or the gap between the Japanese 10-year government bond yield and China’s 10-year government bond yields is approaching zero,

TOKYO -- The Bank of Japan (BOJ) on Friday raised its policy interest rate to the highest level in 17 years, marking another step to unwind its long-standing ultra-loose monetary stimulus.

It is the highest level since October 2008 as the economy makes steady progress toward the bank’s goal of stable 2% inflation and wage-backed growth.

Wall Street stocks retreated Friday as the market's latest rally lost steam, while the yen pushed higher after the Bank of Japan lifted interest rates. In Japan, Tokyo's stock market dropped and the yen rallied after the Bank of Japan lifted borrowing costs to their highest level since 2008 and flagged further increases in the pipeline.

PMIs everywhere mostly positive; Japan and Singapore moved policy rates; India expansion loses some steam; UST 10yr at 4.62%; gold down and oil on hold; NZ$1 = 57.1 USc; TWI = 67.4

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U.S. President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of not providing banking services to conservatives, echoing Republican complaints about the industry.

The BOJ raised interest rates to their highest since the 2008 global financial crisis, with attention now shifting to any clues from BOJ Governor Kazuo Ueda in his briefing on the pace and timing of f

The Bank of Japan is expected to raise interest rates on Friday barring any market shocks when U.S. President-elect Donald Trump takes office, a move that would lift short-term borrowing costs to levels unseen since the 2008 global financial crisis.

Gold is back on its way to the all-time high of $2,790, which is less than 1% away from current levels. Once above that, a fresh all-time high will present itself. Meanwhile, some analysts and strategists have penciled in calls for $3,000, but $2,800 looks to be a good starting point as the next resistance on the upside.

The dollar fell on Friday, on track to log its worst week in more than a year, after U.S. President Donald Trump suggested a potentially