TODAY'S MARKET INTELLIGENCE
US Treasury buybacks weigh on USD, BOJ September hike expectations rise, USD/JPY targets 158?
English summary
USD/JPY weakened to around 159 as the US Treasury may use nearly $1 trillion for bond buybacks, and US debt surpassing $40 trillion raises fiscal concerns. BOJ September hike expectations intensified; Ueda absent from Jackson Hole, Tamura attending. Markets focus on Wednesday's PCE data and Thursday's Jackson Hole meeting.
The English text is machine translated and may require verification against the Chinese version.
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