- BOJ raised rates, yet the yen weakened, signaling that markets read the decision or guidance as less hawkish than a hike alone would imply.
- Oil prices extended their slide, reinforcing disinflationary pressure and weighing on crude-linked assets.
- The Pulse episode hosts former BOJ policy board member Sayuri Shirai and Morgan Stanley chief commodities strategist Martijn Rats to discuss the currency and oil moves.
Quotes
“The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics.”
“Today's guests: Carlos Cuerpo, Spanish Minister of Economy, Trade & Enterprise & Deputy Prime Minister; Alessia Berardi, Amundi Investment Institute, Head of Global Macroeconomics and Emerging Markets Strategy; Sayuri Shirai, Keio University Economics Professor & former Bank of Japan Policy Board Member; Martijn Rats, Morgan Stanley, Chief Commodities Strategist (Source: Bloomberg)”