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Jump in Japanese Bond Yields Fails to Lift the Yen
The foreign exchange market is quiet. Most of the G10 currencies are +/- 0.1% against the dollar. The crash that took the of Iran's president and foreign minister may have helped lift gold to new record highs ($2450), the impact seems more muted, as poor weather rather than foul play, seems to be main narrative. July WTI reached nearly $80, its best level since May 1 but is hovering around unchanged levels (~$79.50). Canadian markets are closed today for a national holiday, while no fewer than five Fed officials speaks today, which includes three governors and two regional presidents who vote on the FOMC this year. ... (full story)