Does Abenomics Need Reloading with Policy Ammunition?
The yen fell, halting a rally that matched its longest under Japan’s Prime Minister Shinzo Abe amid anxiety over the outcome of the U.K.’s referendum on European Union membership, with separate polls showing leads for both sides. Japan’s currency weakened as a momentum indicator, the relative strength index, hovered at a level that signals it may have moved too far, too fast. Japan’s Finance Minister Taro Aso said in Tokyo Tuesday that the government won’t intervene in currency markets without due consideration. London & Capital Investment Director Ashok Shah discusses with Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown."
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Westpac's Callow Says Fed Will Taper Gradually
26:17 - Westpac Senior Currency Strategist Sean Callow discusses Fed policy and the currency markets. He speaks on "Bloomberg Markets: Middle East." (Source: Bloomberg)