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>>Asian currencies stay stable while the dollar builds momentum ahead of pivotal payroll figures, and the yuan remains unexpectedly resilient

Asian currencies stay stable while the dollar builds momentum ahead of pivotal payroll figures, and the yuan remains unexpectedly resilient

crypthub

about 17 hours ago

Asian Currencies in a Holding Pattern

The yen, won and Singapore dollar stayed in tight ranges as the US dollar index rose for a third session. Traders avoided big bets ahead of the US non‑farm payrolls, a key driver of Fed policy. Japan and South Korea warned they could step in if volatility spikes.

Yuan Gains from Strong Inflation Data

China’s CPI hit 0.7% YoY, above the 0.4% forecast, prompting the PBOC to set a firmer daily midpoint for the yuan. The trade surplus and recent stimulus further bolstered the currency despite dollar strength. Diverging monetary paths keep the yuan resilient.

Macro Divergence and Outlook

A robust US economy sustains a “higher‑for‑longer” Fed stance, pressuring Asian units. Japan has just ended negative rates, while China leans toward easing, widening yield gaps. The upcoming payrolls report should break the calm and steer regional FX direction.