
Aug 4, 2026
✦MUFG Research
Asia FX Talk - What if JPY strengthens further? Impact to Asia FX
The Japanese Yen remains the focus this week as markets watch for further strengthening. Analysis shows the South Korean won is most sensitive to Yen moves, followed by the Thai Baht, Singapore dollar, and Philippines Peso. If the Yen gets stronger, these Asian currencies are expected to benefit from the shift.