MBCC TH 23rd Jun'26 - "China's Deepseek moment hits AI pricing yet again? Something is NOT right in USD/JPY, BoJ alert!"

The market has been obsessed with inflation last few months, and we have been talking about the underlying deflationary aspect of AI/pricing, as seen MSFT is talking about going with Chinese AI companies which will put pressure on pricing…is this the canary in the coal mine for markets?

And then there is the old time Yen Carry trade….

Are you positioned for what it is to come?