Bank of Japan leaves its short term rate at 0.75%, as expected Bank of England rate decision may spring a split vote surprise, HSBC warns Morgan Stanley sees dollar risks skewed to downside as energy shock sensitivity fades Iran has 22 days of storage left as naval blockade…
Bank of Japan leaves its short term rate at 0.75%, as expected Bank of England rate decision may spring a split vote surprise, HSBC warns Morgan Stanley sees dollar risks skewed to downside as energy shock sensitivity fades Iran has 22 days of storage left as naval blockade drives exports to near collapse PBOC sets USD/ CNY reference rate for today at 6.8589 (vs. estimate at 6.8282) Foreign carmakers warn cheap models face U.S. exit without USMCA deal Katayama talks up yen intervention risk (as usual) as crude volatility weighs currency Easter discounts cool UK shop prices but Iran war inflation threat looms large Japan March Unemployment rate 2.7% (vs. expected 2.6%, prior 2.6%) Vance said to question Pentagon’s war picture as US missile stockpiles face serious strain Trump sceptical of Iran’s Hormuz offer as nuclear demands remain the sticking point WSJ: Trump sceptical on Iran’s Hormuz proposal but White House presses on with talks U.S. and Iran closer to deal than it seems as mediators push for Hormuz agreement first U.S. and Iran closer to deal than thought, with Hormuz access key to any agreement Bessent warns global aviation sector: service Iranian airlines and face U.S. sanctions Summary Trump is said to be unhappy with Iran’s nuclear proposal, with Secretary of State Rubio reiterating that preventing Iran from obtaining a nuclear weapon remains Washington’s core demand; no deal, no resumption of war, Hormuz stays shut The Bank of Japan held rates at 0.75% in a 6-3 vote, with three members pushing for an immediate hike to 1.0%; the BOJ upgraded its inflation outlook sharply and downgraded growth, putting a June hike in play and July looking close to certain Japanese Finance Minister Katayama reiterated round-the-clock readiness to act on yen volatility in coordination with the U.S., though her comments provided little tangible support for the currency USD/JPY edged lower after the BOJ decision; the dollar softened modestly across major FX pairs Foreign…