The MUFG Global Markets Podcast

Lee Hardman, Senior Currency Analyst, and Andrea Hayward, Vice President of the Japanese Client Sales Group for EMEA in London, discuss the fallout from a volatile week for USD/JPY. What have been the main drivers behind the sharp correction lower for USD/JPY? Disclaimer: www.mufgresearch.com (PDF)

EU parliamentary elections in June are fast approaching and the decibels of debate surrounding the Green Deal legislation are rising. Certain investors have suggested that a shift in political attention away from the Green Deal and that recent pushback and watering down of some regulation is negative for climate action in Europe. Ehsan Khoman, Head of Research – Commodities, ESG

This week George Goncalves, MUFG Head of U.S. Macro Strategy, walks through what to expect at the May FOMC meeting. We believe that QT will be tapered while the Fed will start to acknowledge that real rates are too restrictive. Our base case is that Chair Powell will say tightening is working, but they are being mindful of the long and variable lags. Also, on the slightly more hawk

After today’s BoJ policy meeting and the heavy yen selling, Derek Halpenny, Head of Research Global Markets EMEA & International Securities, talks to Chris Jakubowski, Director – Institutional FX Sales, about the BoJ policy outlook ahead following the meeting and the fallout in the FX market with the yen hitting new lows. Why has the MoF not yet intervened to halt yen selli

Heightened geopolitical risks in the Middle East have been an important driver of the FX market over the past week. Lee Hardman, Senior Currency Analyst talks to Michael Owen, Head of Global Client Desk EMEA, about how geopolitical risks are impacting MUFG’s outlook for the FX market and how the BoJ’s upcoming policy meeting could impact JPY performance in the week ahead.

It has been a tense week in the Middle East following the attack on Israel by Iran in the early hours of 14 April. Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), contextualises the current level of geopolitical risk premium that is currently priced into global markets, and how this could evolve with the various scenarios that may transpire from the

This week saw the FX markets come back to life after a long period of lull with a sharp appreciation of the US dollar. Derek Halpenny, Head of Research, Global Markets EMEA & International Securities talks to Simon Mayes, Head of UK, Ireland and Switzerland Corporate Sales about the implications for the US dollar outlook following the US inflation data and the ECB policy announceme

Lee Hardman, Senior Currency Analyst, and Abdul-Ahad Lockhart, Currency Analyst, discuss the recent performance of the USD which has benefitted from the paring back of Fed rate cut expectations.

This week George Goncalves, MUFG Head of U.S. Macro Strategy, walks through the ever evolving reaction function from the Fed, where George isn’t terribly concerned about the recent Fed hawkish comments. George feels that this has been standard operating procedure, where the Fed tries to calibrate their message after a FOMC meeting. What we learned at the March FOMC is still impor

At the end of an event-filled week for the financial markets Derek Halpenny, Head of Research Global Markets EMEA & International Securities runs through with Shan Husain, Vice President Institutional Investors FX Sales EMEA, the key takeaways for the US dollar and other FX pairs. Derek also looks ahead to what will be in focus for the markets going forward. Derek also provides