Trump says he played down a prolonged conflict with Iran

Yen Surge Puts Spotlight on BOJ and Intervention Risks | Insight with Haslinda Amin 9/3/2026. Live from Singapore. This is insight with Haslinda Amin, where we dive deeper into the stories that matter with crucial context and shop analysis. The yen swings near 160 against the dollar, keeping intervention alive as traders brace for a possible outsized BOJ rate hike this month. The dollar facing fresh downside risk as global investors cut currency hedges to decade lows, setting the stage for heaviest selling pressure. We'll ask Ferro Capital's CIO about a likely BOJ rate hike. China's outlook and his highest conviction market calls. Plus the gold rally gathers momentum as investors weigh. Shifting rates outlook. We have UBS investment Bank to discuss their $5,000 target. Let's take a look at Asian markets now. They seem to be heading higher on lower crude prices. After Trump played down the possibility of a prolonged conflict with Iran. Taking a look at where we are in terms of the Cost Me index currently leading gains up by about 1.4%. Tech shares getting a boost from Broadcom. It did predict a boom in AI chip sales over the next two years. And of course, we want to take a look at Japanese assets right now ahead of the JGB 30 year auction 30 year yields easing just a little. Their yen strengthening amid questions whether or not that was intervention, some suggest there's no clear indication of that happening. Taking a look at where we are in terms of uh the yen. That's a level you seeing on your screen 158 versus the dollar. Let's get more market insights with Bloomberg Live strategist Mark Cranfield Intervention or not, they say not really. Very unlikely. Market got a bit excited because the BOJ board member Takata throughout two things at the market were not expecting. One possibility they would discuss a bigger than 25 basis points rate hike. And maybe they could do back to back interest rate hikes. Just to put it into some context, the last time that happened was in 1990. So quite a while since the Bank of Japan not done anything like that. Um, don't forget he's a hawk. Yeah, people know that. And yet today in the market, we're still going to see the pricing go above 25 basis points. It's not going to 50. But traders are starting to price for the possibility that they do go a little bit further. And this is a fluid situation. It moves day to day. But you can see the moving dollar yen down to the 158 area. So there are some people in the market thinking that maybe there's a chance they go a little bit bigger than usual. And they also say that if there was any intervention, the move would be way bigger than this. The other thing we're watching on is, of course, the 30 year JGB auction. That could have ripple effects. Definitely. If it goes wrong. Uh, if it's a bad auction, uh, you've got the US Treasury next week. You're going to do ten and 30 year themselves. Um, rest of the world, Germany, France, UK, all be watching. That end of the curve is very volatile. A lot depends on what happens in Japan. As it happens, the position is is much