# Not so Zen about the Yen

Page: https://stenobird.com/podcast/nab-morning-call-427359/not-so-zen-about-the-yen
Text version: https://stenobird.com/podcast/nab-morning-call-427359/not-so-zen-about-the-yen.md
Podcast: [NAB Morning Call](https://stenobird.com/podcast/nab-morning-call-427359)
Published: 2026-06-30T20:27:12+00:00
Episode link: https://shows.acast.com/morningcall/episodes/not-so-zen-about-the-yen
Audio file: https://sphinx.acast.com/p/open/s/631a89913c2be9001415dc41/e/6a4426a1e80d75fcb821a741/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/nab-morning-call-427359/episodes/not-so-zen-about-the-yen
Duration seconds: 959

## Resource

Wednesday 1st July 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services - NAB The Yen fell further again overnight, hitting another 40-year low, but NAB’s Taylor Nugent says there’s no indication of when and if there will be any further currency intervention. US equities push higher and oil falls lower as Iran news falls off the front pages and investors focus more on the fundamentals. The RBA minutes yesterday reiterated that conditions were ‘now probably somewhat restrictive’, but was that enough to change expectations for a cut? Meanwhile house price data out this morning shows a drop in house prices for Sydney, Melbourne and Canberra. Plus, the latest European inflation data, China’s PMIs, confidence and jobs data from the US, with US manufacturing ISM out today. The main event could be that Sintra closing panel, with Kevin Warsh joining Lagarde, Bailey and Macklem, but given his opposition to forward guidance what can he talk about? The weather? Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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