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&lt;/script&gt;</html><description>Q4 2025 proved that in a world of synchronized policy shifts, who moves less becomes the currency strength story. The ECB&#x2019;s paralysis became its strength; the BoJ&#x2019;s tentative normalization triggered the largest flows; and the Fed&#x2019;s liquidity operations outweighed its rate decisions.This is how macro becomes market structure: not through headlines, but through the mechanical [&hellip;]</description><thumbnail_url>https://amoncapitals.com/wp-content/uploads/2025/12/image.png</thumbnail_url></oembed>
