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The yen is back in focus after mixed signals from a widely expected interest-rate hike from the Bank of Japan.
Meanwhile, President Donald Trump banned certain Canadian dairy and alcohol imports in response to Canada’s retaliatory tariffs that went into effect Tuesday. Canada may not have thrown the first punch, but it could end up with a more painful bruise. Today I’m taking a closer look at why the Bank of Japan’s upcoming rate-decision meeting has such high stakes for the global economy.
Treasury Secretary Scott Bessent’s support for the yen seems to have stuck. It could create a problem for stocks.
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