- USDTHB: moving in the range 31.13 – 31.20 this morning, supportive level at 31.00 resistance level at 31.25
- SET Index: 1,438.09 (+0.54%), 16 Feb 2026
- S&P 500 Index: 6,836.17 (+0.05%), 13 Feb 2026
- Thai 10-year government bond yield (interpolated): 1.891 (+2.20 bps), 16 Feb 2026
- US 10-year treasury yield: 4.04 (-5.0 bps), 13 Feb 2026
- Japan’s former FX chief says rate hikes needed to stabilize markets
- Thai growth tops forecasts, lifting the new government
- Government targets ‘3-plus’ GDP growth on investment momentum
- FX muted amid holiday-thinned trade
Japan’s former FX chief says rate hikes needed to stabilize markets
Takehiko Nakao, Japan’s former top currency official, said the Bank of Japan is “behind the curve” in adjusting policy, arguing that higher interest rates would help tackle inflation and stabilize financial markets. He said steady and gradual rate hikes could address rising prices, limit excessive yen weakness and anchor long-term bond yields. Despite the BOJ’s recent rate increases, the yen remains soft, and Nakao stressed that the central bank must pay close attention to the exchange rate to maintain currency stability.
Thai growth tops forecasts, lifting the new government
Thailand’s economy grew 2.5% year-on-year in the fourth quarter, surpassing both the highest forecast of 1.9% and the 1.2% expansion seen in the previous quarter. On a quarterly basis, GDP rose 1.9%, the strongest increase in four years and well above expectations for 0.6% growth. For the full year, the economy expanded 2.4%, leading the NESDC to upgrade its 2026 growth projection to a range of 1.5%–2.5%, up from its earlier estimate of 1.2%–2.2%.
Government targets ‘3-plus’ GDP growth on investment momentum
Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas said the government is targeting GDP growth of “3% plus” in 2026, supported primarily by sustained investment momentum from the fourth quarter of 2025. He expressed confidence that Thailand’s economy will grow by more than 2% next year, with policy measures aimed at driving expansion beyond the 3% mark.
FX muted amid holiday-thinned trade
The 10-year government bond yield (interpolated) on the previous trading day was 1.891, +2.20 bps. The benchmark government bond yield (LB365A) was 1.90, +3.00 bps. Meantime, the latest closed US 10-year bond yields was 4.04, -5.0 bps. USDTHB on the previous trading day closed around 31.03, moving in a range of 31.13 – 31.20 this morning. USDTHB could be closed between 31.00 – 31.25 today. The dollar recorded modest gains in subdued, rangebound trading amid a lack of major catalysts and thinner liquidity with US participants absent on Monday, while USD/JPY edged higher, moving back above the 153.00 level after Japan’s preliminary Q4 GDP data came in weaker than expected.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
