Bloomberg Intelligence's weekly podcast on fixed income, credit, currencies, and commodities.
FX Moment: Sterling, UK Politics; What Can Take Dollar-Yen Lower
FX Moment
Sterling, UK Politics; What Can Take Dollar-Yen Lower
In this episode of FX Moment, Bloomberg Intelligence Chief FX Strategist Audrey Childe-Freeman and Jordan Rochester, head of FICC strategy for EMEA at Mizuho Bank, discuss how the evolving UK political dynamics leave sterling exposed in the near term via the potential revival of a negative fiscal premium. Jordan and Audrey also revisit the dollar-yen outlook following the recent Ministry of Finance/Bank of Japan FX intervention and discuss what scenarios could take the pair out of the 155.00-160.00 trading range, with a broadly weaker dollar outlook and/or joint FX intervention — with the US — the best contenders to trigger a sustainable push lower in the currency pair. The FX Moment podcast is part of BI’s FICC Focus series. Listen to this episode on Apple Podcasts and Spotify.
May 12, 2026