question is it politics and geopolitics or monetary policy that drives the Ascension of the Yen undoubtedly it is policy UA raises rates by 15 basis points when now 25 basis points and he says .5% is not a ceiling this is a hawkish hike from the bank of Japan breaking with his doish narrative immediate Market impact Yen up by 1.65% we’re almost through the 150 level you’re seeing the short end of the curve Drive Higher by eight basis points jgb suddenly become much more attrative for the local population other Dynamics in geopolitics is this oil Market spiking Higher by 2.6% Israel goes for a double attack on Hezbollah leaders and Hamas leaders again two very specific targeted attacks how will Iran respond oil is Bid And to leadership Boe names orberg as the CEO and burns through 4 billion bucks in cash