Yen's 4% Jump to Lift Won, SGD, Baht: Citi & Barclays
Citigroup and Barclays strategists say the yen's 4% surge, fueled by a rare Japan-US intervention, will boost correlated Asian FX. The South Korean won, Singapore dollar, and Thai baht are poised for the largest gains as carry trades unwind.
Source: moneycontrol.com · Bloomberg