All three major U.S. stock indexes were down by 2% or greater in the last hour of trading, and poised for their worst declines since June. Stocks dropped across every sector as rates across the Treasury curve surged above 3% in anticipation of continued aggressive rate hikes by the Federal Reserve. The declines would amount to the worst for Dow industrials DJIA,
USDJPY declines again as the yen receives support from the Bank of Japan sentiment
The USDJPY pair is going down on Wednesday. The JPY is gaining ground ahead of BoJ decisions. Discover more in our analysis for 18 September