BoJ turning hawkish – FX concerns a factor
From the best performing G10 currency last week, the yen has turned and is the worst performer this week. Derek Halpenny, Head of Research Global Markets EMEA & International Securities talks to Simon Mayes, Head of UK Ireland and Switzerland FX Corporate Sales about the shift in tone from BoJ Governor Ueda who turned a lot more hawkish with concerns increasing over yen weakness. Derek also discusses the potential for the BoE cutting rates in June following the MPC meeting this week and the stronger GDP data today.