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“Some elements in U.S. job data reinforce the idea that the labor market in the U.S. is still quite weak,” Derek Halpenny, European head of global currency research at Bank of Tokyo Mitsubishi told CNBC. Philippe Gijsels at BNP Paribas Fortis also expects more volatility, and remains very cautious as stocks could go lower.
The key driver of the currency markets over the last month has been the decline in long-term yields, explains Ashley Davies, EM Asia economist & FX strategist at Commerzbank. He shares his outlook for euro-dollar with CNBC’s Chloe Cho & Maithreyi Seetharaman
Robert Rennie, currency strategist at Westpac Bank, expects the upcoming U.S. nonfarm payrolls report to show a drop of 180,000 jobs. He explains his bearish forecast to CNBC’s Karen Tso
Japan is a leading indicator of what may occur in the West, says Stephen King, chief economist at HSBC Group. He tells CNBC’s Sri Jegarajah, Karen Tso & Bernard Lo that the country’s difficulties with deflation & debt are precisely the issues that are arising in Europe & the U.S. now.
Expect a slowdown in Asian exports going forward, cautions Nizam Idris, emerging markets strategist at UBS. He tells CNBC’s Karen Tso & Sri Jegarajah why. Idris also offers his take on how this will impact the region’s currencies.
For the yen to weaken against the dollar, the U.S. economy would need to look a little bit better, says Sean Callow, senior currency strategist at Westpac Bank. He talks currencies, with Markus Rosgen of Citi & CNBC’s Karen Tso
The BoJ is unlikely to launch a powerful currency intervention following its emergency meeting today, believes Robert Minikin, senior FX strategist at Standard Chartered Bank. He explains why to CNBC’s Bernard Lo
With the BOJ governor en route to Jackson Hole, Wyoming to attend the Fed meetings, Lee Wai Tuck, currency markets strategist at Forecast, discusses whether they will work together to cool the yen’s rise, with CNBC’s Anna Edwards, Chloe Cho & Yousef Gamal El-Din
As the yen continues to strengthen, Thio Chin Loo, senior currency strategist at BNP Paribas, says market players aren’t convinced that the BOJ can intervene successfully in the FX markets. She speaks to CNBC’s Chloe Cho, Yousef Gamal El-Din and Steve Sedgwick