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Project Meridian FX APAC Shows Why Atomic Settlement Still Needs Legal Finality
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Project Meridian FX APAC proved that different central-bank systems can coordinate atomic foreign-exchange settlement. The harder test is aligning legal finality, operator governance, liquidity…
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The U.S. yen intervention was tiny beside Japan's purchases, but it changed policy expectations. The signal mattered more than the balance sheet.
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