Asia FX: Tech-driven risk-off weighs before NFP – MUFG
FXStreet ·
MUFG analysts Khang Sek Lee and Lin Li note that the recent tech-led equity selloff has undermined Asia FX, offsetting support from lower Oil prices and US yields. Safe-haven demand has lifted the Dollar and Japanese Yen, while upcoming US Nonfarm Payrolls data could reinforce expectations of further Fed tightening, adding pressure on Asia FX, particularly tech-sensitive currencies like TWD and KRW.