EPISODE · Jun 30, 2026 · 15 MIN
Not so Zen about the Yen
from NAB Morning Call
Wednesday 1st July 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe Yen fell further again overnight, hitting another 40-year low, but NAB’s Taylor Nugent says there’s no indication of when and if there will be any further currency intervention. US equities push higher and oil falls lower as Iran news falls off the front pages and investors focus more on the fundamentals. The RBA minutes yesterday reiterated that conditions were ‘now probably somewhat restrictive’, but was that enough to change expectations for a cut? Meanwhile house price data out this morning shows a drop in house prices for Sydney, Melbourne and Canberra. Plus, the latest European inflation data, China’s PMIs, confidence and jobs data from the US, with US manufacturing ISM out today. The main event could be that Sintra closing panel, with Kevin Warsh joining Lagarde, Bailey and Macklem, but given his opposition to forward guidance what can he talk about? The weather? Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Wednesday 1st July 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe Yen fell further again overnight, hitting another 40-year low, but NAB’s Taylor Nugent says there’s no indication of when and if there will be any further currency intervention. US equities push higher and oil falls lower as Iran news falls off the front pages and investors focus more on the fundamentals. The RBA minutes yesterday reiterated that conditions were ‘now probably somewhat restrictive’, but was that enough to change expectations for a cut? Meanwhile house price data out this morning shows a drop in house prices for Sydney, Melbourne and Canberra. Plus, the latest European inflation data, China’s PMIs, confidence and jobs data from the US, with US manufacturing ISM out today. The main event could be that Sintra closing panel, with Kevin Warsh joining Lagarde, Bailey and Macklem, but given his opposition to forward guidance what can he talk about? The weather? Hosted on Acast. See acast.com/privacy for more information.
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Not so Zen about the Yen
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