Newsig · Financial Times

Asian currencies weaken on US rate rise and high oil prices

Fed increase adds to pressure on Bank of Japan to tighten monetary policy to support yen

Why it matters

USD/JPY (US Dollar / Japanese Yen) · Why linked: Yen weakness directly tied to US rate rise and Fed-BoJ policy divergence ahead of BoJ meeting Market context: bearish for JPY as rate differentials widen unless BoJ surprises with hawkish tilt

DXY (US Dollar Index) · Why linked: Fed rate increase strengthens the dollar against major peers Market context: bullish as higher US rates support dollar demand

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