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Yen May Ironically Get Help From The Fed Of All Places

Posted on AllSides May 29th, 2024
From The Right

Yen May Ironically Get Help From The Fed Of All Places By David Finnerty, Bloomberg Markets Live reporter and strategist The dollar-yen’s very near-term risks remain skewed towards rising further, but the yen may get a welcome reprieve from the Federal Reserve in two weeks, not the Bank of Japan. The Japanese currency remains under carry trade pressure. In the short term, that setup won’t change against the greenback until US yields push lower. Moreover, no catalyst for that to happen is likely to emerge from US PCE or employment...

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https://zerohedge.com/markets/yen-may-ironically-get-help-fed-all-places

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