Global stocks were on track for their best second-quarter performance in six years, but a resurgent U.S. dollar pushed the yen to a four-decade low and was set for a fourth consecutive quarterly rise. The move in USD/JPY is a key cross-asset risk signal even as equity momentum improved.
Global stocks were on track for their best second-quarter performance in six years, but a resurgent U.S. dollar pushed the yen to a four-decade low and was set for a fourth consecutive quarterly rise. The move in USD/JPY is a key cross-asset risk signal even as equity momentum improved.
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