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fxJul 22, 2026, 9:55 AM

Trade tariffs to reshape FX volatility – MUFG

MUFG analyst Derek Halpenny says US trade tariff uncertainty will re-emerge as Section 122 measures expire and are replaced by more targeted Section 301 actions, reshaping FX volatility.

MUFG analyst Derek Halpenny notes that US trade tariff uncertainty is set to re-emerge as Section 122 measures expire. The shift to more targeted Section 301 actions is expected to reshape foreign exchange volatility.

The analysis suggests that markets should prepare for renewed fluctuations in currency pairs as the new tariff framework takes effect. The exact timing and scope remain uncertain, but the overall impact on FX markets could be significant.

Source: FXStreet Forex News