Ninghui Liu, head of investment strategy at State Street Investment Management,
said U.S. midterm election outcomes could produce divergent moves across Asia
FX. If results push US Treasury yields lower and reduce policy uncertainty,
Asian currencies would likely find support; renewed inf concerns would instead
keep the dollar firm. Cross-country FX reactions will depend on energy import
reliance, external balance positions and exposure to tech demand; the yen will
be sensitive to both risk sentiment and Japan’s relative interest-rate level.
