Japan’s top currency officials rolled out their “final” warning to speculators after the yen slipped to its weakest level since the nation’s last salvo of market interventions in 2024. “Let me say this as my final advisory if you want to escape,” FX Chief Atsushi Mimura said in Tokyo on Thursday. The latest bout of weakness in the yen comes in the wake of decisions this week by the Bank of Japan and the US Federal Reserve to hold policy settings steady. The interest rate differential between the US and Japan has been a factor weighing on the currency. Tensions in the Middle East and soaring oil prices are other elements in play.
Today’s guests:
Sören Radde, Point72, Head of European Economic Research; Iain Stealey, JPMorgan Asset Management, Fixed Income International CIO; Nive Bhagat, Capgemini CFO.
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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:41 – AI spending pressure holts big tech shares
00:04:22 – Market roundtable: Point72’s Sören Radde & JPMorgan AM’s Iain Stealey
00:17:06 – Nive Bhagat, Capgemini CFO
00:23:38 – Thursday headline
00:24:30 – Oil hit wartime high on new Iran tensions
00:28:14 – Spanish inflation unexpectedly quickens further beyond 2%
00:28:46 – Carlos Cuerpo, Spanish Economy Minister
00:31:04 – French banks earnings wrap up
00:36:36 – Powell: Will keep low profile as governor
00:37:02 – Japan issues ‘final’ warning before intervention, lifting JPY
00:37:24 – Burnham urges new direction for Labour party
00:40:52 – Central banks decision today
00:41:08 – ECB to hold as it bides time on Iran response
00:43:49 – High bar to hawkish BOE surprise poses upside risk to gilts
00:46:01 – Follow Bloomberg for latest central bank news & market updates
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