How has the USD been impacted by geopolitical risks? episode artwork

EPISODE · Jan 23, 2026 · 14 MIN

How has the USD been impacted by geopolitical risks?

from The MUFG Global Markets Podcast · host MUFG EMEA

Lee Hardman, Senior Currency Analyst, and Sara Maki, an MUFG Graduate Analyst, discuss why the USD has corrected lower over the past week even as US yields have risen. They also discuss the pick-up in JPY volatility after the BoJ’s latest policy update.   

Lee Hardman, Senior Currency Analyst, and Sara Maki, an MUFG Graduate Analyst, discuss why the USD has corrected lower over the past week even as US yields have risen. They also discuss the pick-up in JPY volatility after the BoJ’s latest policy update.

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How has the USD been impacted by geopolitical risks?

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This episode was published on January 23, 2026.

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Lee Hardman, Senior Currency Analyst, and Sara Maki, an MUFG Graduate Analyst, discuss why the USD has corrected lower over the past week even as US yields have risen. They also discuss the pick-up in JPY volatility after the BoJ’s latest policy...

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