Eamonn Sheridan

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Central Banks
yen response boj nominees chart
Central Banks

Japan govmt nominates new BOJ board members as rate-hike path comes into focus

  • While the nominees’ policy stances are not yet explicit, markets will assess whether the new board mix supports steady tightening or signals caution. Yen volatility may rise if investors perceive a shift in the balance toward or away from further hikes.
News
eurusd sotu trump
News

SOTU Trump: Says tariffs stay despite Supreme Court loss, pivots to new global levy

  • Near term, the tariff “risk premium” persists because the policy appears to be reconstructed under different authorities, not removed. The swing factors are: (1) whether Section 122 withstands legal scrutiny, (2) whether the tariff rate shifts to 15%, and (3) refund uncertainty and retaliation risk feeding into growth and FX pricing.
Stock market update
nikkei update 25 February 2026
Stock market update

Nikkei hits record high as AI fears fade and yen weakens

  • The rally reinforces momentum in Japan’s tech-heavy segments and suggests global AI sentiment remains a key driver. Yen direction and expectations around further BOJ tightening remain critical swing factors.
Commodities
brent crude oil update chart 25 February 2026
Commodities

Oil holds near seven-month highs ahead of US-Iran Geneva talks, EIA data awaited

  • Near term, price action is likely to be headline-driven around the Geneva talks, with EIA confirmation (or not) of a large crude build the key downside catalyst. Any de-escalation could compress the risk premium quickly; escalation risk keeps dips supported.
News
A picture of the mythical nothing burger
News

Advance excerpts of Trump's speech show its lackluster

  • Nothing of substance in what's been excerpted so far
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