BLOOMBERG Bloomberg July 3, 2024
Japanese Prime Minister for the first time in seven weeks, its actually an unusually short periods between talks for the two. Tells us perhaps its a bit of a shifting approach for the boj in terms of the yen direction and we could perhaps get the boj joining Government Officials in verbal intervention. This we know they are closely attuned to the economic impacts. Automaker stoxx, for instance, traditionally a key beneficiary of the weaker yen are now starting to see the negatives. Today we have the nikkei coming on a bit under pressure. Quite a rangebound day on wall street. So perhaps we are...