Asia Times@asiatimesonline
Rich nations are borrowing like emerging markets, and Asia is paying the price. With US #TreasuryYields above 5%, capital is being pulled toward dollar assets, forcing policymakers to choose between growth and defense of exchange rates. #AsianCurrencies

Are Asian currencies entering a more volatile phase?

The won surged on AI-related capital flows while the yen swung sharply amid BOJ hawkishness and intervention speculation.

#AsianCurrencies #KRW #JPY #BOJ #Forex #Semiconductors #MarketNews