January 23, Ms. Kanchana Chokpaisansin Research executive Kasikorn Research Center revealed that the baht weakened to test the 35.70 level before adjusting back to a level of approximately 35.63-35.65 baht per dollar. This morning (9.18 a.m.) compared to yesterday’s market closing level of 35.61 baht per dollar.
The baht moved to depreciate. This is in line with the direction of other currencies in Asia and the yen before the results of the Bank of Japan’s (BOJ) monetary policy meeting, where the market expected that the BOJ would maintain monetary policy as before. In addition, there may not be much signaling regarding the timing of the withdrawal from monetary easing measures at this meeting. However, one must be careful about the range of fluctuations in the baht that may still fluctuate during the day.
For the framework of the movement of the baht today Preliminary estimate is at 35.45-35.70 baht per dollar. Meanwhile, important factors that need to be followed include signals of foreign capital. The direction of other currencies in Asia and signals that may reflect trends in the monetary policy of the Bank of Japan (BOJ).
2024-01-23 02:56:00
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