Japanese Yen Trades Stoic After Closing at New 34-y Low

Markets US invertors returning after Wednesday’s Juneteenth holiday found some disappointing, admittedly mostly second tier, US data (jobless claims at a high 238k, housing starts and permits declining and the Philly Fed business outlook unexpectedly easing). US bond markets didn’t take notice. Yields even regained slightly ground rising between 2.5 bps (2-y) and 4.2 bps […]

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