The USD continues to crush the Japanese yen, as the interest rate differential isn’t going anywhere, and the Bank of Japan has essentially given up at this point, despite a potential intervention on Monday.
After five years of near-zero cumulative growth since the pandemic, Germany’s recovery is unlikely to accelerate without policy reform and an increase in net investment, supported by its significant fiscal space.
The Aussie has pulled back from the 200 Day EMA on Tuesday, as the US Dollar has seen a bit of a resurgence ahead of the FOMC meeting.
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