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Market Jolted by Yen & Yellen
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Amidst a quiet day in the markets, Japanese intervention in the FX markets and Treasury's refunding size estimates took center stage, affecting stocks, bonds, and the dollar. Despite the subdued atmosphere, Small Caps led stocks higher with support seen in the Dow and Russell 2000. TSLA surged 15% following positive news from China about its full-self-drive clearance in the US.
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How might continued Japanese intervention impact the valuation of the yen and global trade dynamics?
In what ways could the market's response to Treasury's refunding size estimates signal broader economic sentiment or uncertainty?
What factors contribute to TSLA's significant market movements, and how do they reflect on the company's future trajectory?
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