Market Continues To Tempt Japanese Intervention, While PBOC Signals Gradual Yuan Appreciation
Source: SeekingAlpha
2026-06-02 08:25:00 ET
The capital markets remain hopeful that the US and Iran will reach an agreement. Oil is a little softer, and bond yields are lower. However, in Polymarket, the odds that the Strait of Hormuz is open by the end of the month are at around 22%, down from around 35% last week. The odds it is open by the end of next month are 41%. It briefly was below 40% yesterday for the first time in around three weeks....
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Market Continues To Tempt Japanese Intervention, While PBOC Signals Gradual Yuan Appreciation
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