Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

FX & Rates

<ul><li>Default markets are taking a breather and cleansing weak hands, with global fiscal concerns affecting G10 markets.</li><li>Japan's upcoming upper house elections could impact fiscal situation and yen value.</li><li>Dollar strength has been driven by mixed US data and policy news, with potential for dollar Bears to get a reprieve.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Default markets are taking a breather and cleansing weak hands, with global fiscal concerns affecting G10 markets.Japan's upcoming upper house elections could impact fiscal situation and yen value.Dollar strength has been driven by mixed US data and policy news, with potential for dollar Bears to get a reprieve.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX: Japan & US policy implications for FX

<ul>
<li>FX volumes expected to remain steady in the next month and a half before potentially increasing later in Q3</li>
<li>Dollar risk reversals are priced expensively for puts, suggesting the need for alternative option structures</li>
<li>Consideration of bullish yen option trades in lower beta crossian underlyings like CNH as alternatives to dollar yen positions due to stretched spec positioning and high carry costs</li>
</ul>
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


FX volumes expected to remain steady in the next month and a half before potentially increasing later in Q3
Dollar risk reversals are priced expensively for puts, suggesting the need for alternative option structures
Consideration of bullish yen option trades in lower beta crossian underlyings like CNH as alternatives to dollar yen positions due to stretched spec positioning and high carry costs

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX Derivatives: Thin Cushion. A Slippery Slope from Calm to Uncertainty

<ul>
<li>Dollar decoupled from US rates and equities, investors expected to chase dollar lower</li>
<li>Dollar positioning not as crowded as perceived, global holdings of US equities still large</li>
<li>Unlikely for significant repatriation of Japanese foreign bond investments, focus on rebalancing rather than one-way repatriation; implications of upcoming election on Yen uncertain</li>
</ul>
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


Dollar decoupled from US rates and equities, investors expected to chase dollar lower
Dollar positioning not as crowded as perceived, global holdings of US equities still large
Unlikely for significant repatriation of Japanese foreign bond investments, focus on rebalancing rather than one-way repatriation; implications of upcoming election on Yen uncertain

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX: Mid-Year Outlook - Tell me something new

<ul><li>There is a supply demand mismatch globally, particularly at the long end of the curve</li><li>Rising term premiums are a concern, especially in the US due to fiscal uncertainty</li><li>While the speed of the recent moves is notable, there are no major financial stability concerns in the US, but Japan may need to take action to address volatility in the super long sector</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

There is a supply demand mismatch globally, particularly at the long end of the curveRising term premiums are a concern, especially in the US due to fiscal uncertaintyWhile the speed of the recent moves is notable, there are no major financial stability concerns in the US, but Japan may need to take action to address volatility in the super long sectorThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX & Global Rates: Term premia rising: implications for rates and FX

<ul><li>European peace optimism driving continental asset prices, especially equities, while Chinese tech stocks sizzle hot in Asia</li><li>US real yields impacting global risky asset markets, with Fed's dovish reaction function leading to plummeting real yields</li><li>Dollar likely to stay soggy in short term until potential FOMC hawkishness or tariff-related events reignite Trump trades and boost dollar bullishness, while yen strength may not be sustainable due to BOJ policy and yield spread factors.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

European peace optimism driving continental asset prices, especially equities, while Chinese tech stocks sizzle hot in AsiaUS real yields impacting global risky asset markets, with Fed's dovish reaction function leading to plummeting real yieldsDollar likely to stay soggy in short term until potential FOMC hawkishness or tariff-related events reignite Trump trades and boost dollar bullishness, while yen strength may not be sustainable due to BOJ policy and yield spread factors.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX: Fed, not trade, is weighing on the dollar

Japan

The Japanese yen is the official currency of Japan. 

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Global FX: Japan & US policy implications for FX

Global markets are experiencing a breather as weak hands are cleansed, following an increase in global fiscal concerns post the passage of OEBBA in...

At Any Rate

Global FX Derivatives: Thin Cushion. A Slippery Slope from Calm to Uncertainty

For the next month and a half, FX volumes are expected to remain steady before a possible increase in late Q3, with dollar performance likely to...

At Any Rate

Global FX: Mid-Year Outlook - Tell me something new

The decoupling of the dollar view from US rates and equities is expected, with a focus on Japan flows and the upcoming upper house election...

At Any Rate

Global FX & Global Rates: Term premia rising: implications for rates and FX

In the global derivatives markets, steepening yield curves and increasing term premiums are causing concerns over supply demand imbalances,...

At Any Rate

Global FX: Fed, not trade, is weighing on the dollar

Investors are optimistic about European peace, driving up continental asset prices and boosting equities, with Chinese tech stocks outpacing the...

At Any Rate

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