This report highlights rising intervention speculation for USD/JPY and the political shift in the UK following Prime Minister Keir Starmer's resignation. It also notes the continued underperformance of commodity currencies alongside cooling commodity prices.
Key Takeaways
- 1.Speculation of potential joint US-Japan intervention to support the JPY is rising as USD/JPY approaches 161.95.
- 2.UK Prime Minister Keir Starmer has resigned; market focus is on potential fiscal policy shifts under a new Labour leadership, potentially involving Wes Streeting.
Table of Contents
- JPY: Speculation picks-up over possibility of joint US-Japan intervention
- G10 COMMODITY CURRENCIES CONTINUE TO UNDERPERFORM
- GBP: Fiscal policy changes in focus after Prime Minister Keir Starmer resigns
- KEY RELEASES AND EVENTS
- CERTIFICATION
- LEGAL ENTITIES AND BRANCHES
- GENERAL DISCLAIMERS
- COUNTRY AND REGION SPECIFIC DISCLAIMERS
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Authors
Lee Hardman
Securities
USDJPYSK Hynix
Themes
Central Bank PolicyGeopolitical RiskCurrency Intervention
Regions
Asia PacificEuropeMiddle EastUnited StatesJapanSouth Korea