Japan’s ruling party wins big in a snap election, clearing the way for tax cuts that may drive up bond yields and drag on the yen. ANZ Research sees Australian house price inflation slowing. And silver faces supply pressure.
In our Deep-Dive interview, ANZ Head of FX Strategy Mahjabeen Zaman, looks at the US debasement trade and where traders see safe havens these days.
5 things to know in 5 minutes:
Japan’s new Prime Minister Sanae Takaichi won a thumping Parliamentary majority for her ruling LDP party in yesterday’s snap election. ANZ’s Head of FX Strategy Mahjabeen Zaman expects the result to lift JGB yields and weaken the yen.
Governor of the Reserve Bank of Australia Michele Bullock reiterated her comments from last week’s rate hike when speaking to Parliamentarians on Friday, says ANZ’s Head of Australian Economics Adam Boyton.
ANZ Research is now forecasting house price growth in Australia’s capital cities in 2026 of around 4.8%, down from its forecast last year of 5.8% in 2026, says ANZ Economist Maddy Dunk.
Silver finished last week at US$76.89/oz down 10% from a week earlier. ANZ Commodity Strategist Soni Kumari details some of the fundamentals behind the precious metal.
Soni sees
silverthe gold/silver ratio normalising towards 70.US$70/oz. (Corrected to make clear Soni was referring to the gold/silver ratio, not the silver price.)
Cheers,
Bernard.
Catch you tomorrow with a closer look at how Singapore’s trading-focused economy is coping amid all the trade drama.
