[Iran War Spurs Extreme Bearish Scenarios for Asian Currencies and Bonds] According to Golden Finance, on May 21, the Iran war is putting pressure on emerging Asian markets, pushing some currency and bond yields to levels once considered unlikely. As the conflict persists, some analysts are mapping out more extreme bearish scenarios, including the Indian rupee depreciating to 100 against the US dollar, the Indonesian rupiah falling to 18,000, and the Philippine peso weakening to 65, as high energy prices exacerbate inflation and hit import-dependent economies. The bond market is also feeling the strain. India's benchmark yield may test the highs seen in 2022, while the head of the Philippine Money Market Association stated that yields could climb to a multi-year high of 8%. (Jin10)