UOB strategists highlight a steep USD/JPY selloff driven by increased safe-haven demand for the Yen and declining US Treasury yields, suggesting continued downward momentum for the pair.
UOB strategists Quek Ser Leang and Lee Sue Ann highlight a significant downward trend for the USD/JPY pair driven by a flight to safety. The Japanese Yen is benefiting from increased safe-haven demand amid rising geopolitical tensions, while the decline in US Treasury yields further undermines the dollar's relative attractiveness.
The JPY is strengthening due to increased safe-haven demand caused by geopolitical tensions and a decline in US Treasury yields.
The analysis was provided by UOB strategists Quek Ser Leang and Lee Sue Ann.
United Overseas Bank strategists report a sharp decline in the USD/JPY pair as geopolitical tensions bolster demand for the Japanese Yen. Falling US Treasury yields further pressure the dollar, signaling potential short-term weakness for the currency pair.
The Yen is gaining due to increased safe-haven demand triggered by geopolitical tensions and the downward pressure on the dollar from falling US Treasury yields.