💱US Dollar/Japanese Yen FX Spot Rate
USDJPY
▼ NegativeMonetaryrelevance
MUFG notes yen strength persistence benefits Asian FX, implying USD/JPY downside if yen strengthens.
MUFG says the South Korean won, Thai baht, Singapore dollar, and to a smaller extent the Philippine peso are the main Asian FX beneficiaries if Japanese yen strength persists, given their higher sensitivity to USD/JPY.
MUFG notes yen strength persistence benefits Asian FX, implying USD/JPY downside if yen strengthens.
Korean won identified as main beneficiary if yen strength persists, implying KRW strength vs USD.
Singapore dollar listed as main beneficiary if yen strength persists, implying SGD strength vs USD.
Thai baht identified as main beneficiary if yen strength persists, implying THB strength vs USD.
Philippine peso mentioned as smaller beneficiary of yen strength, implying PHP strength vs USD.