💵📉 Asian Currencies Slide as Dollar Dominates

Central banks & US payrolls in focus

🌏 Regional FX Under Pressure

- Yen 🇯🇵: Slipped past 151 per dollar, raising intervention concerns.

- Yuan 🇨🇳: Weakened amid domestic economic challenges.

- Won 🇰🇷, Rupee 🇮🇳, Aussie 🇦🇺: All trading lower, showing synchronized weakness.

📊 Why the Dollar is Strong

- Fed stance: Markets scaling back bets on near-term rate cuts.

- US yields: Rising Treasury yields boost dollar appeal.

- Asian central banks: Still dovish, widening policy gap with Fed.

🔮 What’s Next

- US Non-Farm Payrolls (Feb 6): Key test for dollar momentum.

- Fed meeting next week: Powell’s guidance could reshape expectations.

- Regional data: China inflation & Korea policy decision in spotlight.

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