Global Economy

Global Economy

Dollar vs Yen: The 2025 Test of Policy Divergence

The USD/JPY exchange rate has become the focal point of global FX in 2025. After decades of ultra-loose monetary policy, the Bank of Japan is cautiously moving away from yield curve control, signaling rate hikes for the first time in years.

Global Economy

EM FX Beta to USD Shocks

Emerging-market currencies have long been sensitive to swings in the U.S. dollar.

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