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Yen Suddenly Spikes Sparking Intervention Chatter
Yen Suddenly Spikes Sparking Intervention Chatter
Having broken hand held above 160/USD, this morning (as the G20 meeting comes to an end), the yen is suddenly spiking higher, prompting desk chatter of another intervention...
There was no obvious news or macro catalyst for such a move, and for now, there is no follow through but it appears 160 is the new line in the sand for the Bessent/BoJ plunged protectors.
Some traders suggested it was a simple stop-hunt (which could still be instigated by 'authorities').
Developing...
Tyler Durden
Wed,...
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Trump Announces Federal Support To Keep Local Energy Provider Online In Ohio
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