ECB Rate Hike & BOJ Stance On Weaker Yen
b'The 50 BPS rate hike is the first rate hike by the ECB in 11 years. The ECB had kept rates negative since 2014. "I think that this was the right decision as they were behind the curve to fight inflation and the overall weakness of the Euro. BOJ or Bank of Japan maintained their accommodative stance. Japan has been dealing with deflationary pressures for decades. The BOJ is okay with seeing a weaker Yen as long as there is little volatility," says Michael Zarembski.'