The Flow Show June 23rd 2022. The pressure gauge is rising for the BOJ.
Traders are increasing bets on the BOJ cracking, and that's likely to lead to a volatile explosion if they do finally turn. Attention also turns to upcoming Japanese elections. Meanwhile, Fed's Powell tried to explain why hurting the economy is a good thing.
The S&P did what it was supposed to, and FX continues to walk around the exercise yard.

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