The US imposed a 37% reciprocal tariff rate on goods from Bangladesh as part of Trump’s growing trade war with countries around the world.
Migrant workers from Asia’s developing countries, such as Bangladesh, have been sending home record amounts of money in recent months, defying pandemic expectations and propping up home economies at a critical time. However, it appears workers are just sending money home in advance of their own return due to a bleak job market, particularly in the Middle East.
Japanese Yen: Intervention Concerns Amid Persistent Weakness
Updated 01 Aug 2026 • 23:47 GMT
The Japanese Yen continues to face significant downward pressure, with the USD/JPY trading near historically high levels. Despite local authority interventions, the yen remains weak, largely due to the persistence of wide interest rate differentials between the US and Japan. Expectations for further intervention are evident, especially as the yen approaches key psychological levels against the dollar. Analysts suggest that without significant changes in energy prices or a shift in the Federal Reserve's monetary stance, interventions may only temporarily stem the yen's decline.
Key watchpoints
- Monitoring potential interventions by Japanese authorities to stabilize the yen.
- Observing US Federal Reserve policy for signs of changes that could impact rate differentials.
- Watching energy price trends, which could influence the yen's valuation amidst intervention actions.