JPMorgan Is Bullish on Thai Baht, Indonesian Rupiah

The video discusses the concept of currency overshoot, focusing on Dollar Asia, particularly the Philippine peso and Korean won. It highlights the overshoot in these currencies due to factors like Chinese recovery and changes in hedging practices. The video also presents a bullish outlook on the Thai baht and Indonesian rupiah, noting their potential for growth despite current overshoot levels.

What is a key reason for the overshoot in the Philippine peso according to the transcript?

• Significant improvement in the current account deficit

• Increase in foreign investments

• Decrease in national debt

• Front running Chinese recovery

Why is the Korean won considered an overshoot candidate?

• Due to changes in FX hedging practices by the national Pension service

• Because of a decrease in exports

• Due to a rise in inflation

• Because of a drop in foreign reserves

What is the main reason for the bullish outlook on the Thai baht?

• Rise in domestic consumption

• Increase in foreign direct investment

• Revival of Chinese tourism

• Growth in the manufacturing sector

What percentage recovery of 2019 tourist arrivals is considered an overshoot for the Thai baht?

• 75-80%

• 80-90%

• 50-60%

• 60-70%

What is the stance on the Indonesian rupiah according to the transcript?

• Tactical

• Short-term

• Strategic

• Long-term