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So Much Intervention Talk Is Making Markets Jumpy

Bloomberg Markets •
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A sudden rally in the yen highlights a growing risk in markets: More than ever, it seems, traders have to be on alert for policy makers putting their thumbs on the scale. When governments step in to nudge prices in their preferred direction, traders almost always express skepticism that it’ll have a lasting effect. Economic and fiscal fundamentals will always win out over short-term fixes, the thinking goes.