US jobless claims, hawkish ECB halt the slide in yields

Link to slide deck: https://bit.ly/3kwAo0u   - Today we note that rebounding yields on hawkish ECB talk and another very strong weekly jobless claims report out of the US have the JPY weakening again, but not supporting the US dollar outside of USDJPY. Elsewhere, we look at stronger than expected results from Netflix and weaker than expected results from Procter and Gamble as volumes drop due to price hikes. A look at crude oil dynamics now that the EU is attempting its embargo on Russian crude, gold maintaining remarkable strength and avoiding notable consolidation, the macro calendar for the week ahead and more. Today's pod features Ole Hansen on commodities and John J. Hardy hosting and on FX. Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here. Click here to open an account with Saxo   - Intro and outro music by AShamaluevMusic