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May 07 2024

$Yen No Mountain High Enough?

  • May 7, 2024

One casualty of the U.S. market’s hawkish turn is the Japanese Yen. It certainly grabbed its share of headlines, yet, when viewing the selloff in historical perspective, this year’s uptick looks entirely inconsequential. Additionally, when considering the Yen through the lens of other Asian currencies, its outsized weakness versus the dollar essentially disappears. Dollar strength is the real driver and it has pummeled Asian currencies across the board.


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About The Author

Chun Wang / Sr. Research Analyst & Co-Portfolio Manager