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Tuesday, July 26

26th Jul - JPY leaps

Previously on MoreLiver’s:

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Angela Merkel’s open door has left her fighting for survivalOpen Europe

Failure of bank stress tests? ABN AMRO
European Banks Bad Loans and Coverage Marc Chandler

Mark Gilbert: Brexit Knocks Confidence But the Sky Hasn't FallenView / BB

Fed preview: A cautious stance but risk of a more hawkish messageDanske Bank

Tim Duy: Fed Doves Won't Be Able to Rule the Roost ForeverBB

Danske DailyDanske Bank

Donald Trump takes the lead * JPY on a roll after stimulus remarks * Angry Erdogan accuses EU

Morning MarketsTF
Falling crude prices saw oil currencies head broadly lower while the Japanese yen surged ahead of Friday's BoJ meeting dragging the Nikkei lower. In commodities the discovery of a large natural gas deposit in the Bay of Bengal is set to give India's energy industry a welcome lift.

Euro wrap-up – Daiwa

Daily Market CommentMarc Chandler
Yen Soars Amid Stimulus Confusion and Doubts

Daily Market Comment Macro Man
Musing on the implications of a higher dollar LIBOR

Daily Market CommentPolemic’s Pains
Wrong Wrong Wrong

Daily Shot TF
Today the focus is on emerging markets. Those might sometimes be tiny but obviously since they need investors as well come with chances and risks.

Daily Press SummaryOpen Europe

Brussels PlaybookPolitico

USDJPY Plunges On Japan Stimulus Concerns; US Futures Flat With As Fed Begins Meeting


FX UpdateTF
The yen leapt back to the strong side after Japan’s finance minister Taro Aso said that the government had not yet decided on the scale of stimulus. Sterling is pushing to new recent lows as a large UK bank warns business depositors on the risk of negative rates.

From the FloorTF
Stimulus in Japan might turn out smaller than foreseen - just as the effect of Pokémon Go on Nintendo. Once again it is all about expectations. The same goes for Apple where Peter Garnry is negative but less so than many other market participants.

Fundamentit edelleen kruunun puolella * Saksan talouselämän luottamus (Ifo) laski odotettua vähemmän * USA:n palvelusektorin luottamuksen odotetaan olevan hyvällä tasolla *​ Suomen kesäkuun työttömyysaste yllätti positiivisesti