Report published May 13, 2026
J.P. Morgan G10 FX Daily Report – May 13, 2026: Market Analysis and Strategic Outlook
J.P. Morgan · May 13, 2026
The report highlights UK political instability and sticky US inflation as primary market drivers. It suggests shorting CHF to fund AUD and USD longs while watching for JPY intervention near the 158-160 range.
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Finvaulta summarizes J.P. Morgan's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.UK political uncertainty is high as a leadership challenge against Keir Starmer looms, though the threshold for replacement has not yet been met with unified support for a single successor.
- 2.US inflation remains elevated and sticky, leading to a higher yield environment where the CHF is being used as a funding currency for long positions in AUD and USD.
- 3.The JPY market is approaching potential intervention levels (158-160), though current research suggests joint US-Japan intervention is unlikely.
Table of Contents
- G10 FX
- FUR
- JPY
- US Core CPI
- NOK
Report data
UK Labour Leadership Support
| Metric | Estimate | Context |
|---|---|---|
| US Core CPI | 0.376% | Unrounded monthly core inflation rate. |
| Starmer PM Probability | 65-70% | Odds of Keir Starmer remaining Prime Minister. |
| Australia Wage Price Index | 0.8% | Quarterly wage growth in Australia. |
Reports in this series
G10 FX Daily Report is shown in chronological order through this edition, published on May 13, 2026.
Part of the G10 FX Daily Report series — view all 41 editions
Looking for the latest edition? JPM G10 FX (Jul 15, 2026)
- May 11JPM G10 FX
- May 12JPM G10 FX
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