Not so Zen about the Yen

NAB Morning Call · Jun 30, 2026 · 15m

Wednesday 1st July 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe 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…