Lee Hardman, Senior Currency Analyst, and Seiko Kataoka Fisher, Director in Japanese Customer Sales for EMEA in London, discuss the initial FX market reaction to the ceasefire agreement between the US and Iran. Will the USD continue to weaken if military tensions in the region continue to de‑escalate?

We are entering week 5 of the conflict in the Middle East and this week Derek Halpenny, Head of Research Global Markets EMEA & International Securities talks to Chris Jakubowski, from FX Institutional Sales, about the potential for de-escalation versus a scenario of deterioration and what that would mean for the US dollar and G10 FX. Derek and Chris also discuss the ECB and BoJ reaction functions and what lies ahead for the markets next week which culminates with the NFP release.   

Lee Hardman, Senior Currency Analyst, and Henry Cook, Senior Economist, discuss how major central banks are responding to the escalating conflict in the Middle East and its impact on global energy prices. With the Fed showing less urgency to tighten policy in response to the latest energy price shock, could this help moderate USD strength?

With the conflict in the Middle East set to extend into a third week, Derek Halpenny Head of Research Global Markets EMEA & International Securities talks to Andrew Mitola, Director in FX Corporate Risk Solutions in New York about three scenarios for how the conflict unfolds from here and what the implications for the US dollar would be based on potential future moves in crude oil prices. Derek also discusses the central bank reaction function to possible inflation pick-ups and what to expect from the central bank meetings taking place next week. With USD/JPY close to the 160-level is the MoF in Tokyo ready to intervene?

Lee Hardman, Senior Currency Analyst, and Abdul-Ahad Lockhart, Currency Analyst, discuss why the USD has rebounded in response to the Middle East conflict.

How does it fit with historical FX performance during energy price shocks?

Lee Hardman, Senior Currency Analyst, and Seiko Kataoka‑Fisher, Director in Japanese Customer Sales for EMEA in London, explore why speculation over the Bank of Japan’s upcoming policy shifts has triggered a fresh wave of yen weakness.

They also examine how escalating tensions between Iran and the United States could shape the performance of the US dollar in the weeks ahead.

Derek Halpenny, Head of Research Global Markets EMEA & International Securities speaks to Simon Mayes, Head of FX Sales for the UK and Ireland about the moves of the dollar this week. Derek also outlines elements of PM Takaichi’s speech and the implications for the yen and JGBs.

Lee Hardman, Senior Currency Analyst, and Andrea Hayward, Vice President of the Japanese Client Sales Group for EMEA in London, discuss the fallout from the lower house election in Japan.

Will the USD extend its recent rebound on the back of the latest US employment and inflation data?  

Lee Hardman, Senior Currency Analyst, and Abdul-Ahad Lockhart, Currency Analyst, discuss the outlook for the JPY ahead of this weekend’s Lower House election in Japan.

The GBP has also taken a hit in recent days, what have been the main drivers of the weaker GBP?

The US dollar is recovering into the end of the week after the announcement that Kevin Warsh is being nominated for the role of Fed Chair. Derek Halpenny, Head of Research, Global Markets EMEA & International Securities discusses the outlook for the US dollar with Julie Ellert, Head of FraBeLux FX Sales and whether the Warsh announcement changes the outlook for the dollar. Derek also discusses US dollar debasement risks and the impact on the yen from the upcoming snap election in Japan.