Global FX: Japan focus, US/China, PMIs, Fed/ECB

In this week's "At Any Rate" podcast, Pat Locke and a panel of FX strategists including Meera Chandan, Arindam Sandilya, Junya Tanase, and James Nelligan discuss various factors influencing the FX market. The panel examines the lack of volatility in the G10 space despite movements in other markets like gold, and they explore the decoupling of FX from the gold-oil ratio. A significant focus is placed on Japan, with insights into Prime Minister Takaichi's economic policies and the Bank of Japan's potential rate hike. The team also discusses the upcoming Trump-Xi summit and its limited potential impact on trade tensions, as well as the expected FOMC meeting and its implications for the dollar. Finally, they touch on developments in the UK, particularly the upcoming budget and its effect on Sterling.