26th Jul - JPY leaps

Previously on MoreLiver’s:

Monday: Quiet beginning of a busy week

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EUROPE

Angela Merkel’s open door has left her fighting for survival – Open 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 Fallen – View / BB

UNITED STATES

Fed preview: A cautious stance but risk of a more hawkish message – Danske Bank

Tim Duy: Fed Doves Won't Be Able to Rule the Roost Forever – BB

REGULARS

Danske Daily – Danske Bank

Eye-Opener – Nordea

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

Morning Markets – TF

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

http://www.uk.daiwacm.com/research-zone/research-reports

Daily Market Comment – Marc Chandler

Yen Soars Amid Stimulus Confusion and Doubts

Daily Market Comment – Macro Man

Musing on the implications of a higher dollar LIBOR

Daily Market Comment – Polemic’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 Summary – Open Europe

Brussels Playbook – Politico

US Open – ZH

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

Frontrunning – ZH

FX Update – TF

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 Floor – TF

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.

FINNISH

Aamukatsaus – Nordea

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