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Central Banks Are Taking a Risk Management Approach to Currency Strength
We've seen that central banks have sort of taken a risk management approach to that, where if there is doubt that they're kind of a taend threat at all, then they're going to act. I don't think the bank of japan has pivoted in any way like some of these other major central banks in terms of easing. And it was kind of this dea that, you know, once tollarn gets above one, 30, gets to one 35, maybe they don't drop ye old curve control, but maybe they readjust the band. Maybe they go from no targeting 25 basis points to 50 basis points. It's looking on inflation domestically and internationally as well.