Oil Rises on Iran Talks Stalemate; Katayama Talks Yen | The Asia Trade 4/24/2026

Watch on YouTube ↗  |  April 24, 2026 at 03:57  |  1:12:01  |  Bloomberg Markets
Speakers
Ed Ludlow — Co-Host, Bloomberg Technology
Ruth Carson — Correspondent, Singapore
Alice French — Japan Equities Reporter, Bloomberg

Summary

The episode covers oil price gains from stalled Iran-U.S. talks, yen weakness amid BOJ communication issues, and Intel's strong AI-driven outlook. It also discusses Japanese inflation, the auto show, and investment strategies from Nomura.

  • Oil rises for a fifth day as Trump's rhetoric hinders Iran peace talks.
  • Japan's Finance Minister Katayama stresses close U.S. cooperation and readiness to intervene on yen.
  • Intel shares surge after hours on strong AI-fueled earnings and demand.
  • BlackRock warns of yen risks if BOJ fails to prepare for a June rate hike.
  • Japan's core CPI beats expectations, driven by oil and labor costs.
  • Japanese banks underperform on delayed BOJ hike but upside remains.
  • Nomura's Julia Wang sees oil staying elevated and rate hikes underappreciated in Asia.
  • China auto show features Geely and XPeng discussing export and partnership strategies.
Trade Ideas
Ed Ludlow Co-Host, Bloomberg Technology 13:05
Intel gains from AI infrastructure demand.
Intel is benefiting from massive AI infrastructure buildout, with demand outpacing supply. The AI and data center segment drives strong revenue and margin improvements. Despite PC market weakness in 2H26, the core AI story remains intact, and Intel shares are surging after a strong forecast.
INTC HIGH
Ruth Carson Correspondent, Singapore 22:31
Short yen amid weak BOJ communication.
The yen is extremely weak near 160, and the BOJ's poor communication has failed to prepare markets for a rate hike, creating an ideal environment for carry trades. Shorting the yen while buying high-yielding assets is attractive.
Japanese yen (USD/JPY) HIGH
Alice French Japan Equities Reporter, Bloomberg 45:36
Japanese banks have more upside.
Japanese banking stocks have underperformed due to delayed BOJ rate hikes from the Iran war, but the fundamental hiking path remains intact. Most expect at least one more hike in 2026, giving banks more room to run, though upside is more limited than last year.
Japanese banks (TOPIX Banks Index) MED
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This Bloomberg Markets video, published April 24, 2026, features Ed Ludlow, Ruth Carson, Alice French discussing INTC, Japanese yen (USD/JPY), Japanese banks (TOPIX Banks Index). 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ed Ludlow, Ruth Carson, Alice French  · Tickers: INTC, Japanese yen (USD/JPY), Japanese banks (TOPIX Banks Index)