Action on the Yen, no action in the Gulf
Monday 3rd August 2026
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
There were strong moves in the Yen on Friday, for the second day in a row, with the US reportedly joining Japan in moves to shore up the currency. NAB’s Skye Masters says we can expect to hear more on that today, Meanwhile, no moves in the Gulf despite President Trump’s threat to unleash almighty military action. Gulf states convinced him to give peace one more try. With the Strait still largely closed to traffic it makes this morning’s announcement from OPEC+, to increase…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.