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***General Trend and Developments*** -The Japanese Yen remains slightly offered amid quarter-end and Gotobi. Sato ’s comments are now keenly awaited, especially ahead of the next BOJ decision [Jul 31st]. However, Japan 2-year bond traders seem unfazed given the stronger demand at auction -The PBOC continued to use its
Will use findings to inform proposed amendments to bank liquidity requirements that it will consult on within next 12 months - - Findings included test that highlighted system vulnerabilities that could amplify stress events, others - - The idiosyncratic liquidity shock banks faced in the SRST was recorded as severe. O