Yen drop is outstripping fundamentals

Slide deck: https://bit.ly/3MJC0Nb   - Today we discuss the market managing a comeback from a break of support yesterday as volatility drops to new local lows. Elsewhere, the Japanese yen moved aggressively lower despite a consolidation in global bond yields, an indication that speculative flows are taking over from the fundamental backdrop. We also break down the crude oil supply situation, developments in the uranium market, gaining exposure to rising inflation in rents via REITs and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. Intro and outro music by AShamaluevMusic