Barclays Sees Dollar/Yen at 120 in Three Months

The video covers FX headlines, focusing on Sterling's decline due to Bank of England's inflation concerns. It discusses Barclays' revised forecast for the Japanese Yen, predicting a fall to 120 against the dollar, and the potential for further BOJ policy easing. Additionally, it highlights Indonesia's fuel price hike, which is seen as a positive move to reduce the budget deficit.

What is the expected inflation rate for the Bank of England as mentioned in the text?

How does the increase in fuel prices in Indonesia affect the country's budget deficit?