Money in the Market: Will the 140 yen exchange rate no longer happen?
Published Date: 02-08-2022
The dollar has continued to fall today, dropping to its lowest in two months against the reviving Japanese yen and losing ground on other peers. And that's as investors believe the Federal Reserve will hike interest rates at a less aggressive pace. Plus, the impact of a potential visit to Taiwan by Nancy Pelosi is also driving safe-haven flows to the yen. On Money in the Market, Peter Chia, Senior FX Strategist at UOB tells us more about forex in the current market.
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