21 February 2024
Money in the Market: Will the Malaysian ringgit breach its lowest level, hit back in 1998?
The Malaysian ringgit has continued its slide, with most recently hitting its lowest level since 1998. The recent weakness in the ringgit was partly due to the soft economic expansion reported last week, whereby annual gross domestic product growth for 2023 missed the official forecast, also driven by China’s sluggish economy hurting exports in the country. But some say it is doubtful that it will breach its record low, hit back in 1998. On Money in the Market, Hongbin Jeong speaks to Lim Jun Kit, Strategist, Phillip Nova, to find out more about the outlook of the ringgit.

Download this podcast.

Listen To His Previous Podcasts:

29 November 2023
Money in the Market: How will the US dollar fare amidst Fed rate cuts?
The US dollar has fallen in recent days, and it is on track for its worst monthly drop in a year, driven down by forecasts that the Federal Reserve will stop raising interest rates and begin slashing them in the first part of next year. How much further will the US dollar decline? And will there be any other currency to look out for this year? On Money in the Market, Hongbin Jeong speaks to Lim Jun Kit, Strategist at Phillip Nova, discussing the on-going forex market movement.

Download this podcast.

1 November 2023
Money in the Market: Can we see a further retreat in the Japanese yen?
The Bank of Japan has made its interest rate decision this week, allowing more flexibility in its yield curve control policy, and shifting the language used to describe the upper bound of the 10-year Japanese government bond yield.
But it still remained to stick with its negative interest rate.
So how did the Japanese yen react to this latest announcement?
Is the yen expected to further retreat?
On Money in the Market, Hongbin Jeong speaks to Lim Jun Kit, Strategist at Phillip Nova, to find out more.

Download this podcast.

17 May 2023
Money in the Market: Why is the US dollar rebounding amid US debt ceiling talks?
The US dollar has rebounded amid US debt ceiling talks.
But what could trigger the greenback to decline again?
Analysts say there are a number of factors behind the dollar's recent strength, including concerns about US inflation and safe-haven buying.
These concerns are driven by fears about the debt ceiling standoff and global economic growth, as well as more hawkish rhetoric from Fed officials.
On Money in the Market, Hongbin Jeong speaks to Lim Jun Kit, Strategist at Phillip Nova to find out more.

Download this podcast.

5 April 2023
Money in the Market: Are more investors deterring away from the US Dollar?
The US Dollar remains fragile, after having registered losses against its major rivals earlier this week. Although markets are pricing in a nearly 60% probability of the US Federal Reserve raising its policy rate by 25 basis points in May, the currency is having a hard time finding demand.
So why are more investors deterring away from the US dollar? And which currencies are enjoying a weakening dollar?

Download this podcast.

On Money in the Market, Hongbin Jeong speaks to Lim Jun Kit, Strategist at Phillip Nova to find out more.

8 March 2023
Money in the Market: Powell back with the hawkish rhetoric - how is that pushing up the US dollar?
The US dollar looks set to gain further against some of its peers on relative outperformance of the US economy and monetary policy edge. In his semi-annual testimony to lawmakers, US Federal Reserve Chair Jerome Powell stepped up hawkishness, saying the ultimate rate peak is likely to be higher than expected and the central bank is prepared to increase the pace of rate hikes if needed. But how are regional currencies affected? On Money in the Market, Hongbin Jeong speaks to Lim Jun Kit, Strategist at Phillip Nova to find out how the US dollar is faring and how the strong dollar is affecting the regional currencies.

Download this podcast.

8 February 2023
Money in the Market: Should you sell the USD against Asian currencies on rallies?
While the dollar has eased after Jerome Powell’s latest speech failed to offer fresh signs of a hawkish pushback against a resilient labour market in the United States, the dollar had seen a rally prior following Friday's blockbuster jobs report- which sent the U.S. dollar index to a one-month high. But was this a short-lived rally? Or is it signally more gains for the dollar are to come? On Money in the Market, The Afternoon Update’s Hongbin Jeong speaks to Lim Jun Kit, Strategist at Phillip Nova to find out more.

Download this podcast.

11 January 2023
Money in the Market: Will it be rainbows and sunshine for the Chinese yuan in the year ahead?
China's yuan has rallied since the beginning of 2023, as the country eases its COVID-19 control measures and reopens its borders. Meanwhile, the US dollar continues to slide to new lows. Can we continue to see a boost in the Chinese yuan for the rest of the year? And could the era of the King dollar ever return? On Money in the Market, Lim Jun Kit, strategist at Phillip Nova, joins us to tell us more.

Download this podcast.

7 November 2022
Money in the Market: Can we see the Japanese yen rally more than 9% next year?
Signs of a potential softening in the United States Fed's monetary tightening, coupled with China's easing of restrictions, have seen Asian currencies rally during the past few weeks against the US dollar. Does this mean Asian currencies could have more upside in the coming weeks? On Money in the Market, Lim Jun Kit, Strategist at Phillip Nova joins us to tell us more about the latest currency moves, including how the World Cup is deepening the currency pain for football fans.

Download this podcast.

9 November 2022
Money in the Market: Has the era of the King Dollar come to an end?
The US dollar has recently been under downward pressure from bets on the Federal Reserve easing back on interest rate rises and on China reopening and driving growth. But does this mean that the dollar peaked? On Money in the Market, finance producer Hongbin Jeong speaks to Lim Jun Kit, Strategist at Phillip Nova to find out what’s moving the US dollar as well as other currencies including the Japanese yen and the Chinese yuan. 


Download this podcast.

12 October 2022
Money in the Market: Will Japan intervene again to prop up the yen?
The dollar has been virtually unstoppable this year, With a Bloomberg gauge of the greenback showing the dollar rising for almost a week to head for another record high. But how is the dollar affecting other currencies? On Money in the Market, finance producer Hongbin Jeong is joined by Lim Jun Kit, Strategist at Phillip Nova, to discuss the latest currency moves including the yen’s plunge to a fresh 24 year high, where the Malaysian Ringgit is headed, and what to expect for the Monetary Authority of Singapore’s announcement later this week.

Download the podcast.

14 September 2022
Money in the Market: Is it only a matter of time before the Chinese yuan dips past 7?
The dollar has climbed close to a 24-year peak against the yen today after hotter-than-expected inflation boosted bets for even more aggressive monetary tightening by the Federal Reserve. The dollar surged as high as144.965 yen, taking it close to the144.99 level hit a week ago. On Money in the Market, Lim Jun Kit, Strategist at Philip Nova explains the dollar's impact on the Japanese yen, the Chinese yuan, and the euro.

Download the podcast.

24 August 2022
Money in the Market: Is the Japanese yen's retreat temporary?
On Money in the Market, Lim Jun Kit, Strategist at Phillip Nova, breaks down the recent currencies moves; including the return of the Japanese yen's weakness; euro's brief touch below parity for the second time; and the Chinese yuan's slump to its lowest in nearly two years against the US dollar.

Download the podcast.

13 July 2022
Money in the Market: Is the euro facing an existential crisis?
On Money in the Market, Hongbin Jeong speaks to Lim Jun Kit, Strategist at Phillip Nova to discuss forex in the current market; with focus on the euro sinking to within a whisker of parity with the dollar; the US dollar strengthening ahead of the Fed's interest rate hike decision later this month; and the continuous weakness of the Japanese yen amid the central bank's commitment to its ultra-loose monetary policy.

Download the podcast.

11 February 2022
Forex Fridays: What to Make of Diverging Monetary Policies
With the Fed getting more room to be hawkish after that inflationary jump in the US, what do we make of other currencies backed by more dovish Central Banks like the Reserve Bank of Australia and the Bank of Japan? Phillip Nova Strategist Lim Jun Kit spoke to JP Ong on Forex Fridays on what this spells for the USD, AUD, and JPY, in the weeks to come, along with his outlook on the Singapore Dollar ahead of next week's budget statement.

Download the podcast.