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USD/JPY Nearing April JPY-Intervention Levels in Wake of BoJ

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Markets Core bond yields stumbled yesterday. US yields dropped between 5.5 (2-yr) and 7.8 bps (30-yr) on a combination of slower than expected PPI numbers (negative even in the headline reading), a jump in weekly jobless claims to the highest in nine months (242k) and a $22bn 30-yr auction that stopped through (4.403% vs 4.418% […]

The post USD/JPY Nearing April JPY-Intervention Levels in Wake of BoJ appeared first on Action Forex.

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