Market expects USD/JPY consolidation in new 155-160 range post-intervention with mild bullish JPY bias; BoJ hawkish hold and intervention create two-way risk but rate differentials still favor USD medium-term
Gold erupts 7.15% on a jobs report that made the Fed's three dissents look quaint, crude collapses 9%, and the desk's ten NO CALLs watch the fireworks from the car park.
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