Japanese Yen: Yield cap and intervention shape risks – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad highlights that rising global bond yields and firmer Oil prices have pushed 30-year US Treasury yields back to pre-buyback levels, while USD/JPY has largely retraced its post-intervention slump.
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United States ISM Manufacturing PMI came in at 54.6 below forecasts (55.2) in August

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