Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Alex Ng is the founder and head of research of the economic and investment research house Fortress Hill Advisors. Prior to founding Fortress Hill Advisors, he worked as an economic research analyst across government, academic, and financial institutes including the Hong Kong Financial Secretary’s Office (Office of the Government Economist), Economic Research Center of the Institute of Asia-Pacific Studies at CUHK, and State Street Global Markets. Alex holds a Master of Arts in Economics degree from Columbia University in the City of New York and a Bachelor of Arts in Economics and Mathematics from Wesleyan University (CT, USA).

Our firm's expertise lies in macroeconomics, global macro,  global thematic research, company and equity research, multi-asset strategy, event driven, and ESG.

We also do proprietary trading on the firm's capital, to try to vindicate our investment thesis. Our flagship publication, Heard from Fortress Hill (HFFH) provides our weekly market observations and is freely available on our website: https://fortresshill-advisors.com/hffh/

Founder & Head of Research

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Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

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Cross Asset Strategy

United states & Japan / Cross Asset Strategy

<ul>
<li>From our <a href="https://www.smartkarma.com/insights/jpy-movement-under-fed-rate-cut-and-boj-rate-rise" target="_blank" rel="noopener">last piece in early Aug 2024</a>, Japanese Yen, we believe Yen will recover to 110 level as US Treasury Yields move lower.</li>
<li>Compared to our last analysis, further JPY interest rate hike is plausible, or at least on the table</li>
<li>Japan 10 Year Government Bond Interest Rate is at 0.92%, compared to 0.90% the previous market day and 0.65% last year. This is lower than the long term average of 2.08%.</li>
</ul>


From our last piece in early Aug 2024, Japanese Yen, we believe Yen will recover to 110 level as US Treasury Yields move lower.
Compared to our last analysis, further JPY interest rate hike is plausible, or at least on the table
Japan 10 Year Government Bond Interest Rate is at 0.92%, compared to 0.90% the previous market day and 0.65% last year. This is lower than the long term average of 2.08%.


JPY Revisited-Bullish Case