Yen rebound poised to 'boost' forex markets! Citi and Barclays weigh in: Asian currencies expected to see a new wave of gains

According to analyses by Citigroup and Barclays, the appreciation of the Japanese yen is expected to boost several Asian currencies, given their high correlation with the yen's movements.

Zhitong FinanceAug 3 17:04

Goldman Sachs: Expects oil prices to reach USD 80 per barrel in the fourth quarter of this year; remains bullish on Japanese, South Korean, Taiwan, and A-share markets.

Maintain short positions on the Thai baht and Indian rupee, as expectations around Federal Reserve policy, AI investment themes, and progress on the reopening of the Strait of Hormuz are expected to continue driving regional market performance.

Zhitong FinanceJun 30 14:53

State Street Markets: Despite cooling market sentiment, investors remain confident in risk assets.

State Street Markets stated that, although market sentiment is gradually turning neutral, investors remain confident in the outlook for risk assets.

Zhitong FinanceJun 8 16:46

Dollar volatility plunges to record lows, forcing the $9.5 trillion foreign exchange market into a 'carry trade game'

In the foreign exchange market, which sees daily trading volumes as high as $9.5 trillion, a sharp decline in U.S. dollar volatility is driving traders to seek carry trades and relative value strategies to generate profits.

Zhitong FinanceMay 21 14:41

Express News | Several Asian countries implemented interventions this week to prevent their currencies from falling.

The yen surged suddenly on Tuesday this week, triggering market speculation about 'rate inquiries.' Japan's Ministry of Finance declined to comment. Sources revealed that Japan has been purchasing yen in recent weeks. Indonesia's central bank stated it is committed to conducting 'prudent interventions' in the market to defend the rupiah’s exchange rate. Traders claimed that India’s central bank may also have intervened to curb the depreciation of the rupee. The Indian rupee is currently the worst-performing currency in emerging Asia, having fallen more than 6% so far this year. The Thai baht has similarly underperformed, dropping over 3%, as energy price shocks and fiscal concerns have intensified downward pressures.

BreakingsMay 15 17:53

Survey: The Indonesian rupiah and the Indian rupee are under greater bearish pressure, while short positions on most other Asian currencies have declined.

Gelonghui, May 14th | A Reuters survey shows that as crude oil prices continue to soar, selling pressure on the Indonesian rupiah and the Indian rupee has intensified further, while short positions in most other Asian currencies have slightly eased. Based on a survey of ten respondents, traders’ short positions in the Indonesian rupiah deteriorated to levels not seen since late October 2022, while bearish bets on the Indian rupee remained consistent with the trend since mid-June 2025. “In a market environment where the policy response function has become elusive, investors are seeking compensation,” said an investment strategist at Global X ETFs Australia.

Gelonghui FinanceMay 14 15:43