MUFG says yen strength could help select Asian currencies
MUFG’s Michael Wan says if the yen keeps strengthening, some Asian currencies could benefit from spillovers, with South Korea’s won and, to a lesser extent, the Thai baht, Singapore dollar and Philippines peso most sensitive in that order.
If the yen continues to strengthen, certain Asian currencies could benefit from spillovers, MUFG's Michael Wan says in a note.
The analyst reckons that the South Korea won, and to a smaller extent the Thai baht, Singapore dollar and Philippines peso, in that order, are more sensitive to yen moves…