Can China Offset A Global Growth Slowdown?
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The Uncertainty of Fed Policy in Dollar Yen
In 2022, dollar yen price direction was almost a pure gauge of Fed policy. But now we not only have the USD and the Fed part of the pair uncertain but also extreme rate volatility that's been exhibited markets. And so therefore because there are now two variables rather than one, that's why dollar yen price action is currently not as clear a read on just being a pure Fed trade,.
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