The Yen squeezes higher, though official fingerprints are elusive
The main story today is the Japanese yen. It is sharply higher today. The move began early North America yesterday. No one claimed intervention and many, including ourselves, thought it may have been a rate check. An initial look at the BOJ’s balance sheet suggests that Japan likely did not inte
The main story today is the Japanese yen. It is sharply higher today. The move began early North America yesterday. No one claimed intervention and many, including ourselves, thought it may have been a rate check. An initial look at the BOJ’s balance sheet suggests that Japan likely did not inte
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