ARTICOLI POPOLARI

BNY’s Bob Savage notes that the Japanese Yen is in focus as FX markets react to geopolitical de-escalation and shifting risk sentiment. The reopening of the Strait of Hormuz has supported risk assets, but investors remain attentive to policy divergence involving JPY, KRW and USD. Markets are also watching upcoming Fed and BoJ decisions and potential intervention risks.
Yen reacts to risk repricing
"Markets have rallied sharply following the announcement of a U.S.-Iran agreement to reopen the Strait of Hormuz."
"FX markets remain sensitive to policy divergence, with attention on JPY, KRW and USD trends as investors reassess carry trades and intervention risks."
"Markets are continuing to assess the implications of ECB tightening, the upcoming Fed and BoJ decisions and the risk of higher-for-longer global interest rates."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)












