Strategists Eye Yen Intervention, Yuan Resilient Post-Fed

Strategists say markets are on watch for yen intervention after the Federal Reserve took a at Kevin Warsh’s debut meeting as governor, triggering a drop in the currency to levels that have previously prompted Japan’s finance ministry to step in.

Higher US yields may pressure Asian currencies more broadly, while making it harder for the region’s central banks to lower rates without risking further weakening, though China’s yuan may be relatively resilient.

Here’s a selection of comments from market watchers:

Fiona Lim , senior foreign-exchange strategist at Malayan Banking Bhd.

Tohru Sasaki , chief strategist at Fukuoka Financial Group Inc.

Brian Daingerfield , head of G10 FX strategy at NatWest Markets

Wee Khoon Chong , Asia Pacific macro strategist at BNY

Kenneth Crompton , head of rates strategy at National Australia Bank Ltd.

, research director at broker ACCM in Melbourne

, market analyst at IG International

Hebe Chen , a senior market analyst at Vantage Global Prime