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Finance & Markets

Japanese Yen: Structural support but near-term capped – Commerzbank

Commerzbank’s Volkmar Baur notes that revised expectations for further Federal Reserve (Fed) hikes and parallel Bank of Japan (BoJ) moves limit near-term upside for the Japanese Yen. Policy risk is seen shifting towards Japan due to upcoming BoJ board appointments.

Japanese Yen: Structural support but near-term capped – Commerzbank

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Asian Airlines Face a $148-a-Barrel Fuel Gamble

Asian airlines are facing expiring jet fuel hedge contracts and need to make a choice about whether to hedge at exorbitant prices or risk them going even higher without a hedge.

  • Asian airlines face $148-per-barrel fuel gamble post-hedge expiration.
  • Jet fuel costs now 33% of airlines' operating expenses, up from 25%.
  • Japan Airlines plans for worst-case scenario of $160 per barrel.

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