Asia FX Talk – USD upside fades, Won leads Asia FX
The US dollar weakened after US Treasury Secretary Bessent announced a significant expansion of long-dated Treasury buyback operations,…
Asia FX Talk – Softer dollar supports regional FX, but geopolitical risks remain
Neither the US nor Iran appears incentivized to escalate further given the huge economic and military costs involved.…
Asia FX Talk – What if JPY strengthens further? Impact to Asia FX
Certainly the focus this week in markets continues to be on the Japanese Yen, with a rebound in…
Asia FX Talk – US inflation decline softens Fed rate hike expectations
US inflation surprised to the downside in June, with headline CPI easing to 3.5%yoy from 4.2%yoy and below…
Asia FX Talk – Renewed Middle East geopolitical risks
External pressures on Asia FX remain in the near term, although domestic fundamentals and central bank responses are…
Asia FX Talk – Asian currencies modestly weaker
Talks between the US and Iran seem to have progressed quite well, with US Vice president JD Vance…
Japan Economic & Financial Weekly
JGB market developments for the week of June 15 will probably depend on 1)whether the US and Iran…
Indonesia: USDIDR supported by macro headwinds, but reversal risks building
Macro headwinds remain dominant. Higher US yields (2-year yield above 4%), elevated oil prices, and narrowing interest rate…
Asia FX Talk – USD capped despite stronger-than-consensus NFP
The upside risks to US labour data have played out. April nonfarm payrolls rose 115k, well above consensus…
BoE Preview – Trying to sound calm
We expect the BoE will leave policy unchanged at this week’s meeting but leave little doubt that rate…
European Macro Weekly – MUFG Research
European Macro Weekly MUFG ResearchMiddle East war ‘could wipe out 75% of chancellor’s budget headroom’; UK inflation climbs to…
FX Weekly – MUFG Research
FX Weekly MUFG Research$USD (USDindex.FX)$$SPDR S&P 500 ETF (SPY.US)$$USD/JPY (USDJPY.FX)$$U.S. 10-Year Treasury Notes Yield (US10Y.BD)$$Crude Oil Futures (MAY6) (CLmain.US)$$CBOE…