Higher For Longer Interest Rates Dragging Down Yen And EM Currencies

The US dollar is soaring on the back of expectations that US interest rates will stay higher for longer, putting pressure on currencies including the Yen and Renminbi. We contrast the responses of the Bank of Japan and the People's Bank of China with Vishnu Varathan of Mizuho Bank.Image Credit: ShutterstockSee omnystudio.com/listener for privacy information.