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Can China Offset A Global Growth Slowdown?

Market Depth

CHAPTER

The Dollar and the JPY Side of Dollar Yen

A hawkish Fed relative to an unchanged bank in Japan, as it was in 2022, that we dollar yet upside. If we get both the Fed and the B.O.J. on pause as is, that likely will be dollar yen downside. Euro JPY cross has basically gone back to flat since the massive yen short covering last month.

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