DXY & Forex

According to Yonhap Infomax, South Korea's government bond market showed mixed movement on September 4 as Federal Reserve Board member Christopher Waller's dovish remarks overnight weakened U.S. Treasury yields. South Korea's 3-year benchmark government bond yield rose 1.4 basis points to 3.896%,

According to Financial Times, Norway's sovereign wealth fund management company, which oversees $2.3 trillion in assets, proposed on September 4 adjusting its government debt allocation by reducing the weight of government bonds in its benchmark index from 70% to 50%. The proposed shift would cut

According to Yonhap Infomax, the USD/KRW exchange rate recovered from recent lows on Sept 4, trading at 1,358.10 won as of late morning in Seoul, down 1.20 won from the previous close. Japan's Finance Ministry official Atsushi Mimura stated the ministry would maintain its vigilant stance on

According to Financial Times, U.S. Trade Representative Greir said the coordination between the UK and EU presents an obstacle to a U.S.-UK trade deal.

According to Jin10, Jonathan Kearns, a former Reserve Bank of Australia (RBA) official, predicted on September 4 that the central bank will likely raise rates again later this month, with property prices expected to fall around 10%. Kearns stated he is "quite confident" the RBA will hike in Septembe

According to market participants and bond market reports on September 4, rumors circulated that SK Hynix planned to redeem investments from money market funds (MMFs) next week. The speculation triggered volatility in South Korea's bond market, as some observers believed redeemed funds could flow

According to Jin10, offshore Chinese yuan Hong Kong interbank offered rates (CNH HIBOR) showed limited movement on Friday, September 4. Overnight HIBOR declined 1 basis point to 1.37477%, marking its lowest level since August 27. One-week HIBOR held steady at 1.41849%, while two-week HIBOR

According to a speech on September 3, Federal Reserve board member Christopher Waller said core personal consumption expenditures (PCE) inflation has shown 'significant improvement' with a 'encouraging' pace of decline, backing his inclination toward holding rates steady. The core PCE on a

According to JPMorgan Chase on September 4, Asian currency movements are increasingly diverging. The firm expects the Bank of Japan to raise interest rates 3 to 4 times over the next 12 months, pushing policy rates to around 2%, while potentially prioritizing yen stability; USD/JPY is likely to

According to Yonhapinfomax, the USD/KRW exchange rate fell to 1,356.70 won on September 4 as softer-than-expected Federal Reserve signals boosted demand for the Korean won. The pair dropped 2.60 won from the previous day's close of 1,359.30 won, with an intraday low of 1,355.30 won. Fed Governor

According to Yonhapinfomax, the USD/JPY exchange rate traded near 155.73 yen on September 4, approaching the 155.20 yen level set following the joint U.S.-Japan intervention in late July. Amid expectations of accelerating rate hikes by the Bank of Japan, overseas hedge funds have begun adjusting

According to Yonhapinfomax, the USD-KRW spot mid-rate (MAR) traded at minus 0.05 won in Seoul foreign exchange market before 9 a.m. on Sept 4. NDF fixing positions were held at square, indicating neutral market positioning among regional participants at market

Japanese stocks showed mixed performance on September 4 as the Nikkei 225 index rose 0.38% to 64,458.78 while the Topix index fell 0.49% to 4,081.81 as of 9:18 AM. The divergent movements came after Christopher Waller, a Federal Reserve Board governor, made unexpectedly dovish remarks suggesting

According to Yonhap News, Japan's Nikkei 225 index rose 244.30 points (0.38%) to 64,458.78 on September 4, following dovish remarks from Federal Reserve official Christopher Waller overnight. Waller stated that recent inflation indicators suggest disinflationary trends, and if this momentum

According to JPMorgan Chase, on September 4, the bank warned that if USD/JPY breaks below the 155 level, approximately $102.6 billion in unhedged Japanese yen shorts could trigger concentrated covering, potentially pushing the pair into the 142-146 range. JPMorgan strategist Junichiro Tamase noted t

Bitcoin recovered above the $80,000 threshold at 9:12 AM on the 4th, trading at $81,182 according to Yonhap Infomax Crypto Index. This marked a 4.30% increase over one week and represented Bitcoin's first return above $80,000 since the 28th of last month. The recovery was driven by yen strength

According to Herald Economics, U.S. 10-year Treasury yields hit 4.821% on September 2, marking the highest level since November 2023 and approaching the 5% threshold. Market participants now expect yields to test above 5% in the near term. The surge is accompanied by WTI crude oil breaking

Bank of England Chief Economist Huw Pill stated on May 3 (local time) that the policy rate should be raised to 4%, up from the current 3.75%. Speaking at an Edinburgh Chamber of Commerce roundtable, Pill framed the increase as a clear signal of the Monetary Policy Committee's resolve to counter

According to Hugh Pill, chief economist at the Bank of England, the central bank should raise its base rate to 4% from the current 3.75%, he said today at an Edinburgh Chamber of Commerce roundtable. Pill characterized the increase as a signal to counter upside inflation risks amid geopolitical and

According to Federal Reserve data, the Fed's overnight reverse repurchase agreement (RRP) usage reached $702 million on Thursday, September 3, with 4 counterparties participating. This represents an increase from $525 million recorded the previous trading day.