The MUFG Global Markets Podcast

Following the supplementary budget announced in Japan on Friday, Derek Halpenny, Head of Research Global Markets EMEA & International Securities sits down with Jack Greenslade in Corporate FX Sales to discuss the details of the package what it means for JGB issuance plans going forward and the possible impact on JGB yields and the yen. Looking ahead of next week Derek and Jack discuss the UK budget announcement scheduled for We...

This week Derek Halpenny, Head of Research Global Markets EMEA & International Securities is joined by Henry Cook, Europe Economist to discuss the implications of the BoE MPC monetary policy decision this week. Henry and Derek discuss the key takeaways from the meeting and the financial market impact on rates and the pound. The upcoming budget implications are also discussed. The budget is crucial both from a political and mark...

George Goncalves, Head of Macro Strategy for the Americas, shares our latest macro perspectives in light of the government shutdown and ongoing updates to US trade policy. However, the main focus was on the teams expectations for the upcoming FOMC meeting. In addition to expecting a 25bp cut, with reserves continuing to shrink and Chair Powell signaling that the Fed may be approaching the end of its quantitative tightening (QT) pro...

This week Derek Halpenny, Head of Research Global Markets EMEA & International Securities sits down to talk to Shan Husain in FI FX Sales about the outlook for rates and FX ahead of a busy week. In Japan PM Sanae Takaichi’s speech in the Diet signals fiscal expansion. President Trump will be in Tokyo and then we also have the BoJ meeting on Thursday, following the FOMC meeting on Wednesday. The softer CPI print today leaves the...

After easing twice this year, the Monetary Authority of Singapore (MAS) kept its policy unchanged in July. Since then, inflation has eased and export momentum is showing signs of weakness. The big question on everyone’s mind is whether MAS will ease again in October?  Lloyd Chan, Senior Currency Analyst with the MUFG Global Markets Asia Research team talks to Jamie Tsukakoshi, Head of FX Sales, Global Clients Singapore, about the o...

The US dollar is marginally lower this week (-0.5%) with the economic data that was released this week confirming still weakening labour market conditions. Derek Halpenny, Head of Research Global Markets EMEA & International Securities talks to James Roulston Institutional FX Sales about the LDP leadership election taking place on Saturday and the implications for BoJ policy and the yen going forward. In addition Derek discusse...

George Goncalves, Head of Macro Strategy in the Americas, shares how our latest macro thinking has evolved, where our longstanding view that the weak labor market and ongoing large revisions would result in a Fed pivot and a restart of easing in September. There was a high level recap of the special topic from the latest monthly which covered Asia FX reserves. Our analysis shows that we’ve come full circle since the Asia financial ...

Following the FOMC meeting on Wednesday and the BoJ meeting on Friday, Derek Halpenny, Head of Research Global Markets EMEA and International Securities talks to Chris Jack Jakubowski, Hedge Fund FX Institutional Sales about the impact of these central bank meetings on USD/JPY and the dollar more generally. Derek discusses the BoJ decision and how the upcoming LDP leadership election could play and important role in BoJ policy deci...

The US dollar has been broadly stable this week despite the escalation of uncertainty related to Trump's attempts to undermine Fed independence. This week Derek Halpenny, Head of Research Global Markets EMEA & International Securities talks to James Roulston from FX Institutional Sales about the US dollar implications going forward. Derek also discusses BoJ policy, Japan politics and the yen and whether the political uncertaint...