Yen Weakened Broadly on Risk Appetite, Dollar Mixed Against Other Majors The financial markets were rather mixed last week. A major question is whether markets are pricing in stimulus withdrawal from Fed sooner than March 2014? The answer was not clear. On the one hand, equities surged to new record high, with DOW breaking through 16000 psychological level to close at 16064.77. S&P 500 also broke through 1800 psychological level to close at 1804.84. Dollar index closed the week mildly lower at 80.647. But we saw EUR/USD back above 1.35 while USD/CHF was below 0.91. It seemed that markets thought Fed's stimulus was to stay. But then, 30 year yield jumped to new 2013 high at 3.938% before closing at 3.838%, ended the week mildly higher. 10 year yield also strengthened to as high as 2.839% before closing at 2.752%. USD/JPY jumped sharply to close above 101 level. And these argued that Fed would start tapering soon. These messages are rather conflicting. Full Report Here... | 
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