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The Wall Street Journal: Bond markets stabilize, oil prices fall, and markets are on alert for JPY intervention after US Treasury Secretary Scott Bessent stated that Tokyo would take measures to support the Japanese Yen.
The bond market stabilized today, with government bond yields slightly lower and global government bonds also trending stable, the Wall Street Journal reported. Oil prices are falling, and US stock futures indicate continued gains today. Markets are wary of intervention by Japanese authorities in the yen, which has risen over 1% against the dollar after US Treasury Secretary Scott Bessent said earlier this week that Tokyo would take steps to support the currency.
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