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Financial TimesOct 8 at 8:54 AM PDTGeopolitics

Oil prices jump on tanker attacks and slowing flows through Strait of Hormuz

Transit through vital waterway rose close to 90% of prewar levels last month but has since fallen sharply

Prediction markets:
PolymarketStrait of Hormuz traffic returns to normal by December 31
19% · Closes · Quote captured
More: Reutersopen, CNBCopen, The New York Times, CNN, Gulf Newsopen, investingLiveopen, The Economic Timesopen
Investing.comOct 8 at 7:55 AM PDTMonetary Policy

Fed minutes expected to reveal debate behind rate hike decision

Prediction markets:
KalshiWill the Federal Reserve Hike rates by 0bps at their October 2026 meeting?
Fed holds rates: 85% · Closes · Quote captured
PolymarketWill there be no change in Fed interest rates after the October 2026 meeting
85% · Closes · Quote captured
More: Bloomberg, Reuters, Associated Press via CNBC TV18, Yonhap News Agency via The Korea Times, Axios, Semafor
Social commentary: Julia CoronadoBluesky

India

Haresh MenghaniFXStreetOct 7 at 6:48 PM PDTMarkets

Japanese Yen strengthens amid BoJ hike bets, intervention risks; bullish USD cap gains

Eamonn SheridanAnalysisinvestingLiveOct 4 at 5:42 PM PDT

BOJ's Uchida says AI is a big demand shock lifting prices, warns of correction risk

Uchida describes AI as an inflationary demand shock that has loosened financial conditions, which leans hawkish. It argues that the BOJ's tightening has more to do, without signalling a timetable. That supports the yen at the margin and keeps further BOJ hike expectations intact. His point that AI-related bond supply is pushing up long-term yields adds a new, non-monetary explanation for the pressure on global bond markets, including JGBs. The warning about a correction if profits don't follow is a reminder that the central bank is watching equity valuations, so any AI-led selloff could feed straight into its assessment of financial conditions. --- The BOJ sees AI as a demand boom first and a productivity story later, which means more inflation now and a correction risk if the profits never arrive. Summary: BOJ Deputy Governor Uchida said AI has been a big positive demand shock, putting

More: FXStreet, Bloomberg

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