The Japanese Yen has been drifting weaker despite uplifted JGB yields with the US Dollar seeing a whippy week so far. Geopolitical risks remain as crude oil slips. Where to for USD/JPY?
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In what could be the highlight for markets this week, Fed Chair Jerome Powell is anticipated to deliver an address on Thursday to the Economic Club of New York. Such a move risks the possibility of the Bank of Japan physically intervening in the foreign exchange market.
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