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Intervention caps upside near 160 – BBH

Brown Brothers Harriman reports that USD/JPY is trading directionless above 159.00 after Japan’s Ministry of Finance conducted record-sized FX intervention to cap the pair around 160.00. The bank notes that lower Oil prices may help pull USD/JPY toward 155.00, but a sustained break below that level would require a more hawkish Bank of Japan, which they see as unlikely for now.Record intervention anchors Yen ceiling”USD/JPY is directionless above 159.00. Japan’s Ministry of Finance purchased a…

Finance news

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Business

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LARRY KUDLOW: Reaganesque and Trumpian optimism

People may forget that Scott Bessent is probably the strongest wartime Treasury secretary going all the way back, at least to World War II. Through his Economic Fury campaign, he has slowly but surely turned off Iran’s monetary and economic spigots. Not only the blockade of Iranian ports, which has…

Investing

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