always great to have you with us  when it comes to the rate sensitivity we are seeing around the dollaryen come what are your views given that a lot of it could have already been priced in   that  s right we do think a lot is in the price but that said each day we seem to be seeing more aggressive fed comments and the latest overnight was from the fed bullard who would not rule out a 75 basis point hike that is keeping the dollar very well supported you talk about dollaryen but the fact that boj is maintaining and importing its yield curve control about a quarter of a percent the dollaryen remains the currency to watch and that means dollaryen continues to move higher and we would not rule out a break of 130 in this environment unless japan does something significant which we don  t think they will that  s going to continue to keep the dollar in front in general shery it is interesting you  re talking about a 130 level this chart showing the longest moving streak on the yen against the us dollar on record 13 sessions of losses let me ask about where the dollar stands because that has a lot to do with capital flow not to mention there has been investor chatter given the sanctions on russia where does the dollar stand on itself when you have the euro on the others of as well mitul at the moment no other currency looks particularly attractive with yields moving higher of course real yields are worth watching and real yields are up and moving higher and that is keeping the dollar supported when you look at the euro where you  ve got concerns about the impact of the war in ukraine at the same time there is the ecb which is  i would not say dovish but certainly nowhere near as hawkish as the fed all this combined is keeping eurodollar under pressure it is hard to see the euro recover in this environment one thing i would add is the french elections and uncertainty around that this weekend my caveat here is historically the dollar is strong into fed rate hikes and just after the fed begins to hike but it starts to lose ground in the weeks and months afterward i imagine we are not far from the topping the dollar but i would not want to catch a falling knife at this point there may be more upside and we could see a peak in the dollar in the next several weeks haidi when it comes to china there  s lots of conflicting data points to look at gdp was surprisingly resilient still trying to strike that balance between easing and moderation where does that leave the yuan goes in itself and as an anchor currency for the rest of the em complex mitul i think the yuan story remains firm it  s hard to see the currency weaken significantly as you say the data has been mixed the pboc is cautious about monetary easing and that  s why we only saw a quarter percent cut we will be focused on the loan prime rate we may not see a cut in the loan prime rate there might be more stimulus on the credit side but after the yuan we continue to think that will remain firm the reality is china has a strong external position one thing we are keeping and i out on his capital flows equity flows have weakened significantly the end of the line position is still strong you need to see a more active move to weaken the currency to see any weaker trajectory from here haidi how strong our economic and currency fundamentals across asian markets when you talk about the potential for 75 basis points how much vulnerability is there across asian fxcm mitul i don  t think we have had the same vulnerability as we have in last several years there clearly has been an improvement in asia will  an asian external positions we are seeing  just because current account positions improve capital flow picture has improved but asia is not invulnerable what we will see is further pressure on the currency indian rupees are higher i think we are going to see some pressure across asian currencies