Podcast
The MUFG Global Markets Podcast
Hosted by MUFG EMEA · EN
Join the MUFG Global Markets Research Team for expert analysis of the week’s most pressing topics impacting economies and the markets
26episodes
Episodes
Newest firstAll episodes
What’s Driving Renewed Yen Weakness as Geopolitical Tensions Between Iran and the US Rise?
Feb 2700:08:02Tap to summarizeLee Hardman, Senior Currency Analyst, and Seiko Kataoka‑Fisher, Director in Japanese Customer Sales for EMEA in London, explore why speculation over the Bank of Japan’s upcoming policy shifts has triggered a fresh wave of yen weakness. They also examine how escalating tensions between Iran and the United States could shape the performance of the US dollar in the weeks ahead.
Transcribe →The US dollar advanced this week as economic data and the FOMC minutes prompted investors to pare rate cut expectations ahead
Feb 2000:10:21Tap to summarizeDerek Halpenny, Head of Research Global Markets EMEA & International Securities speaks to Simon Mayes, Head of FX Sales for the UK and Ireland about the moves of the dollar this week. Derek also outlines elements of PM Takaichi’s speech and the implications for the yen and JGBs.
Transcribe →How has Japan's election results & US data impacted the FX market?
Feb 1300:06:47Tap to summarizeLee Hardman, Senior Currency Analyst, and Andrea Hayward, Vice President of the Japanese Client Sales Group for EMEA in London, discuss the fallout from the lower house election in Japan. Will the USD extend its recent rebound on the back of the latest US employment and inflation data?
Transcribe →How is the Lower House election impacting the yen?
Feb 600:10:01Tap to summarizeLee Hardman, Senior Currency Analyst, and Abdul-Ahad Lockhart, Currency Analyst, discuss the outlook for the JPY ahead of this weekend’s Lower House election in Japan. The GBP has also taken a hit in recent days, what have been the main drivers of the weaker GBP?
Transcribe →USD challenges to persist
Jan 3000:12:49Tap to summarizeThe US dollar is recovering into the end of the week after the announcement that Kevin Warsh is being nominated for the role of Fed Chair. Derek Halpenny, Head of Research, Global Markets EMEA & International Securities discusses the outlook for the US dollar with Julie Ellert, Head of FraBeLux FX Sales and whether the Warsh announcement changes the outlook for the dollar. Derek also discusses US dollar debasement risks and the impact on the yen from the upcoming snap election in Japan.
Transcribe →January 2026 FOMC Preview - Dovish under pressure? (Podcast Edition)
Jan 2800:16:05Tap to summarizeIn this Podcast, George Goncalves, MUFG Head of Macro Strategy for the Americas discusses how January has been action packed, where isolating the signal from the noise means that the house view at MUFG hasn’t fundamentally changed. In our view, the US economy still looks to be setting down a path of a tale of two halves, with fiscal policies expected to mask underlying weakness in the first half of the year, and with stagnant labor demand being the dominant force in the second half that drags income and consumption growth down. We also discuss the upcoming first FOMC meeting of the year where the Fed may highlight the upcoming benchmark revision to nonfarm payrolls, that is expected to show even weaker jobs growth than previously thought, if they wish to project a more dovish tone, but markets are anticipating a relatively hawkish Fed that doesn’t cut again until June when Powell is out as Chair. Meanwhile the surprise factor for the global rates markets has been the large swing in JGB rates. George explores why this is happening and why what is taking place in Japan might be more moving than US data and the Fed, for now.
Transcribe →