Tuesday: BoJ pivot talk powers yen higher
The yen has surged in the last 24 hours on talk the Bank of Japan may pivot away from very low interest rates. The renminbi (CNH) jumped after the PBoC threatened intervention. In our bonus deep-dive interview, ANZ’s NZ Senior Economist Miles Workman explains what a PREFU is and why it matters. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/