The US dollar continues to benefit from resilient economic data and elevated rate expectations, pressuring Asian currencies. USDJPY remains near 2024 highs, prompting a cautious outlook regarding further upside.
Key Takeaways
- 1.US rate cuts remain unlikely near-term due to sticky PCE inflation and resilient labour market conditions.
- 2.USDJPY is trading near 2024 highs, though downside protection is advised due to the risk of Japanese policy intervention.
- 3.The Bank of Thailand maintains a growth-supportive, accommodative stance, but regional currencies face headwinds from elevated US yields.
Table of Contents
- Market Highlights
- Ahead Today
- INDICATIVE RATES 24-Jun-2026
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Authors
Lloyd Chan
Securities
USDJPYUS 2-Year Treasury
Themes
USD StrengthMonetary Policy Divergence
Regions
Asia PacificUnited StatesJapanThailand