Eamonn Sheridan

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Forex
usdyen intervention gap fill to come 01 May 2026
Forex

Japan intervenes to defend yen and warns of further action over Golden Week

  • Japan has stepped into the foreign exchange market for the first time in nearly two years, briefly lifting the yen by 3% after it breached 160 per dollar, with senior official Atsushi Mimura warning speculators that further action remains firmly on the table through the Golden Week holiday period.
News
War in Iran
News

Axios:Trump received briefing on plans for possible military action against Iran

  • We already knew this was happening, not ne w news.
News
Trump Iran 6
News

ASEAN ministers warn Middle East war threatens energy security and regional growth

  • ASEAN's economic ministers have issued a formal warning that the Middle East war is posing severe risks to regional energy security and growth, with the Strait of Hormuz carrying a quarter of global seaborne oil and LNG exports and directing over 80% of that volume toward Asia.
Central Banks
rba aud rate hike may 2026
Central Banks

May meeting, RBA set for third straight hike as Hormuz closure drives inflation surge

  • The RBA is all but certain to deliver a third consecutive rate rise to 4.35% on May 5, with a rapidly growing minority of economists now expecting further tightening as the Strait of Hormuz closure keeps oil prices elevated and core inflation pushes higher.
News
USDJPY update  01 May 2026
News

Japan manufacturing PMI hits 4-year high but Middle East stockpiling masks fragile demand

  • Japan's manufacturing PMI jumped to a four-year high of 55.1 in April, but the headline conceals an economy in stockpiling mode rather than genuine recovery, with supply chain delays at a 15-year extreme, input costs surging and business confidence near its lowest since 2020.
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