韩元日元急涨，美元贬值猜测扰动亚洲市场

Core Viewpoint - The article discusses the fluctuations in Asian currencies, particularly the South Korean won and the Japanese yen, against the US dollar, driven by expectations of US pressure on countries with trade deficits to appreciate their currencies [1][3]. Group 1: Currency Fluctuations - On May 14, the South Korean won appreciated by 2% against the US dollar, while the Japanese yen also saw an increase, reaching a level of 145.70 yen per dollar, indicating a significant shift in the currency market [1]. - The South Korean won traded at approximately 1380 won per dollar, reflecting a 2% increase from the previous day, influenced by reports of US-Korea trade discussions that included currency issues [1][3]. Group 2: US Trade Negotiations - The article highlights that the US is expected to exert pressure on Asian countries with trade deficits to appreciate their currencies, a sentiment that has been echoed in previous trade negotiations [3][4]. - The US government's stance, as articulated by economic advisors, suggests that a weaker dollar could enhance the competitiveness of American manufacturing, although there are conflicting reports regarding the actual intent to devalue the dollar [2][3]. Group 3: Market Reactions - The Taiwanese dollar appreciated by approximately 10% against the US dollar during early May, attributed to speculation that the US was pressuring Taiwan to strengthen its currency amid trade talks [3]. - Asian investors have increased their exposure to US assets without hedging against currency risks, leading to heightened volatility in the currency markets [3]. Group 4: Future Expectations - There is a prevailing expectation that currency volatility will increase in the short term, with market analysts suggesting that the US dollar is overvalued based on purchasing power parity [4]. - Discussions at the upcoming G7 meeting regarding currency issues are anticipated to further influence market sentiments and currency valuations [4].