MUFG
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Brent: Hormuz risk premium and Asia FX – MUFG
MUFG’s Michael Wan notes that negotiations around the US-Iran conflict and developments in the Strait of Hormuz remain a key…
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Japanese Yen: Battle near 160 shapes June outlook against US Dollar – MUFG
MUFG’s Teppei Ino notes USD/JPY is encountering strong topside resistance and potential intervention risks just below 160. He expects renewed…
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Brent: Crude breaks lower on US-Iran optimism – MUFG
MUFG’s Lloyd Chan reports that Brent has fallen below earlier May lows, with prices dropping to around $94 per barrel.…
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US Dollar: Resilience and geopolitical risks – MUFG
MUFG’s Lloyd Chan notes that higher US 2-year yields and elevated Brent prices are supporting broader USD strength, with markets…
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British Pound: Rebound on easing fiscal and inflation fears – MUFG
MUFG’s Lee Hardman highlights a strong recovery in the Pound and gilts as UK fiscal and inflation concerns ease. GBP/USD has bounced…
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US Dollar: Stronger on hot inflation and yields – MUFG
MUFG’s Michael Wan describes how a stronger US Dollar environment emerged as United States (US) April Consumer Price Index (CPI)…
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Asia FX – Divergent paths under Hormuz scenarios – MUFG
MUFG economists Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee outline a base case where the reopening of…
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GBP: Political risks build but currency holds – MUFG
Derek Halpenny at MUFG highlights that United Kingdom (UK) Gilt yields have jumped sharply, echoing past episodes of political and…
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USD/JPY: Intervention buys time as risks persist – MUFG
MUFG’s Derek Halpenny argues that recent Japanese authorities’ action around the 160 level in USD/JPY likely reflects renewed intervention, with…
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EUR/USD: Correction unfolds as ECB nears decision – MUFG
MUFG’s Lee Hardman highlights that EUR/USD has slipped back below 1.1700 as the Euro corrects lower into the ECB meeting. Rising Oil…
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