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On the first trading day of March, news of the acceleration of China’s reopening shifted the narrative for major markets. A risk-positive bias is taking hold, but can it last?
The Bank of Japan has signalled that it is nowhere near ready to tighten monetary policy. The JPY is under significant selling pressure.
There has been an enormous market reaction to the higher than expected US inflation data. USD has regained strength across major forex, hitting commodities and indices too
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