TODAY'S MARKET INTELLIGENCE
Treasury buybacks weigh on dollar, BOJ September hike bets rise, USD/JPY may eye 158?
English summary
During the European session on Wednesday, USD/JPY weakened to around 159. The U.S. Treasury may use nearly $1 trillion to fund bond buybacks, and U.S. debt exceeding $40 trillion raises fiscal sustainability concerns, pressuring the dollar; rising expectations of a BOJ rate hike in September, coupled with Ueda's absence from Jackson Hole and hawkish Tamura attending, support the yen. Market focus shifts to Wednesday's PCE data and Thursday's Jackson Hole symposium.
The English text is machine translated and may require verification against the Chinese version.
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