Yen Declines After BOJ Hike, US Said to Hold Off on New China Tariffs

Summary

The video covers the Bank of Japan's rate hike and the yen's decline as markets viewed Governor Ueda as dovish, while Brian Fowler argues Ueda was actually hawkish. The US is expected to delay new China tariffs until after the Trump-Xi summit. Bilfinger's CEO discusses a surprise guidance cut, blaming delayed maintenance work, and UBS's Paul Donovan explains why he sees yen fair value at 160-165 and expects a second Fed hike. Oil falls on easing Middle East supply concerns.

• Bank of Japan hikes rates by 25bp to 1.25%; yen weakens as market reads Ueda's press conference as dovish.
• Brian Fowler argues Ueda was actually hawkish and more BOJ hikes are likely in December or January.
• US expected to hold off on new China tariffs until after next week's Trump-Xi summit.
• Bilfinger CEO Thomas Schulz says guidance cut is due to temporary customer deferrals, not a structural shift.
• Paul Donovan says yen fair value is around 160-165 and intervention does not change fundamentals.
• Donovan expects a second Fed rate hike this year; inflation pressures are concentrated and not broad.
• Oil falls for a third day as Middle East supply concerns ease and Iranian talks are awaited.
• India tech and AI opportunity segment highlights Infosys pivot and robust demand.