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The CME Group presents a financial update, highlighting that mere talk from Japan's Finance Minister isn't enough to stabilize markets. Despite the Bank of Japan's rate hikes, the yen slides to an all-time low in 2023. To combat this, Japan has begun printing new 10,000 yen banknotes. The sliding yen defies the conventional wisdom that rate hikes should strengthen a currency, indicating deeper
market forces and economic issues at play.
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