With economic and monetary policy outlooks varying, currency moves are increasingly out of sync with each other.
More pain is also anticipated for the yuan, trading near seven-month lows, as well as smaller Asian currencies.
It's continuing to weaken against some European currencies and also Latin American currencies," he said.
MULTI-LAYERED CRISISKit Juckes, head of FX strategy at Societe Generale, said the focus on monetary policy differences was also a result of uncertainties elsewhere.
"We've got a one-in-a-100-years pandemic and once-in-75-years war and a-once-in-25-years energy crisis all thrown into the mix together," said SocGen's Juckes.
Persons:
Yen, Pound, Jordan Rochester, Nomura, Lee Hardman, Hardman, Juckes, Morgan Stanley reckons, We've, SocGen's, You’ve, Dhara Ranasinghe, Alun John, John Stonestreet
Organizations:
The Bank of, European Central Bank, Reuters Graphics Rochester, Societe Generale, Bank of Japan, Thomson
Locations:
Europe, COVID, Ukraine, The Bank of Japan, United States, Beijing, Scandinavia