This report covers global FX market trends, focusing on the JPY's depreciation, easing UK political risks supporting the GBP, and upcoming Eurozone inflation data.
Key Takeaways
- 1.The JPY has weakened past 162 vs the USD, triggering verbal interventions and increasing investor concern regarding potential direct intervention.
- 2.UK political risks are easing, supporting GBP, though analysts view the currency as a 'sell on rallies' to hedge potential future fiscal policy risks.
- 3.Eurozone inflation indicators are showing signs of cooling, with France potentially missing consensus estimates, influencing ECB outlooks.
Table of Contents
- JPY: testing times
- Asia overnight
- GBP: devolved we stand
- EUR: a welcomed miss?
- Latest publications
- Overnight returns (%, vs USD)
- 1M implied volatility daily change (net, vs USD)
- JPY: testing times
- AUD: RBA Minutes point to a 'hold on and hope' strategy
- NZD: NZ economy bouncing back
- CHF-NOK: operation reversal
- CAD: pick yourself up
- Introducing RMA!
- Open trade recommendations
- Key events
- FX Research advanced tools
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Authors
Valentin MarinovDavid ForresterAlexandre Dolci
Securities
USDJPYGBPUSDEURUSD
Themes
FX Intervention
Regions
EuropeUnited StatesJapanUK