cc may contain inaccuracies whats this about this is just uncertainty about the global economic headwinds that we could see yeah i think the concerns about the outlook for the us economy and the global economy are growing you know if you look at the language coming out of the fed powell has said you know smaller rate hikes could be coming soon thats kind of one of the key signals that investors have been looking for to find the turning point from when this kind of inevitable strengthening of the dollar the tide turns however that commentary is also complicated by powell saying theres going to be a higher terminal rate than market players expect so its kind of a mixed message so the signaling isnt as clear as it could be and also i think its too early to call whether the tide has actually turned or not and i think weve got that us cpi figure coming out later this week that will be a key focus to see whether this trend of dollar kind of weakening a little bit continues and the yen strengthening certainly japanese policymakers must be very happy at the moment weve seen this twenty nine point one trillion yen action budget being approved as well is this likely to have a meaningful impact on the inflation pressures well you know part of the measures a quarter of that extra budget are measures to deal with the impact of rising prices inflated by the weekend the government thinks that this package will shave one point two percentage points off inflation so usually extra spending what does it mean it usually means more inflation rates but in this case the actual measures are reigning in inflation so it might not be as inflationary as you would expect i think the one takeaway when the key takeaways from this extra package is japan is resolute its staying the course its trying to support the economy households businesses from these rising prices and the weaker yen and that is giving bmj continued kind of backing to continue with its rock bottom interest rates