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Morning Bid: Yen at work

Source: reuters.com

Currency & FXMarket Technicals & FlowsInvestor Sentiment & Positioning
Morning Bid: Yen at work

The Japanese yen surged to its strongest level since February on Monday and Tuesday, disrupting a period of calm in global markets as U.S. trading resumed after Labor Day. The move raises near-term volatility risks across FX and global risk assets, particularly where yen-funded carry trades are exposed.

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