Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
The Malaysian ringgit has emerged as the best performing Asia currency on a quarter-to-date basis. It is up by 2.4 percent against the USD, followed by INR (1.2 percent) and PHP (0.9 percent).
Sentiment towards the MYR has improved considerably after Bank Negara Malaysia (BNM) liberalised rules to give investors more flexibility to hedge in onshore market, and implemented measures to boost onshore liquidity such as the mandatory repatriation of export proceeds.
Further supporting recent MYR strength is the stabilisation in commodity prices, residing domestic political risk and perceived undervaluation as compared to its fundamentals.
"If anything, we look for the USD/MYR to remain well supported in the near-term at the 4.30-4.35 region," Commerzbank commented in its latest research report.
