DXY & Forex

According to the Bank of Japan, inflation expectations have risen moderately as of September 18. The central bank's assessment indicates a gradual uptick in price expectations among economic agents.

Morgan Stanley forecasts the Federal Reserve will raise interest rates twice more — in December and March 2027 — bringing the federal funds rate target range to 4.25-4.50%. The investment bank bases this projection on its assessment that current monetary policy remains insufficiently restrictive

Korean banks issued bonds aggressively on the 18th, with Woori Bank confirming 850 billion won in 9-month discount bonds at 3.98%, while KB Bank and Shinhan Bank issued 360 billion won and 410 billion won at 4.23% and 4.32% respectively. The issuance rush stems from deposit maturities at Samsung

Japanese stocks showed mixed performance on September 18, with the Nikkei 225 index rising 0.93% while the Topix index declined 0.23% as of 9:27 AM. The divergent performance came as US stock markets rallied overnight following the Federal Reserve's interest rate hike and Chair Kevin Warsh's

According to UBS Asset Management, on September 17, the asset manager forecasted the U.S. Federal Reserve will likely raise rates again in December, followed by a pause through next year. UBS noted that current bond yield levels appear excessive and maintained its view that bond markets remain

According to industry sources, South Korean banks issued bonds competitively on September 18, with yields significantly above market benchmarks. Woori Bank issued 850 billion won of nine-month discount bonds at 3.98%, approximately 9 basis points above the prevailing market rate. KB Bank and

According to Morgan Stanley's Andrew Sheets, on September 17, the Federal Reserve will likely raise rates by 25 basis points in both December 2026 and March 2027, bringing the federal funds rate target range to 4.25%-4.50%, and then hold rates at

The Reserve Bank of India launched a Foreign Currency Non-Resident (Bank) deposit facility on June 5, 2026, eliminating hedging costs to attract foreign-currency deposits from the Indian diaspora estimated at 35 to 37 million people worldwide. By early September 2026, the campaign had pulled in a re

The Reserve Bank of India launched a targeted campaign in June 2026 to attract foreign-currency deposits from its diaspora, pulling in a record $127 billion in FCNR(B) deposits by early September 2026. The central bank removed hedging costs on these accounts, enabling banks to offer interest rates o

South Korean government bond markets experienced sharp curve flattening on the previous trading day, with the 30-year benchmark yield dropping 7.8 basis points while shorter-tenor yields declined more modestly. The movement triggered stop-loss selling among domestic institutions as positions built o

According to Jin10 Futures, the CFETS-NEX market-wide sentiment index on Chinese yuan liquidity fell to 51 as of 10:15 on September 18, down 1 point from 08:45. By institution type, large banks reported 50 (down 1), mid-sized banks 52 (down 1), and non-bank institutions 50 (down 1). The index

According to Yonhapinfomax, on September 18, the USD/KRW spot rate in Seoul's foreign exchange market traded at +0.05 won as of 9 a.m., according to multiple brokers. NDF fixing positions held neutral ahead of market

According to the Nikkei, the Bank of Japan (BOJ) is expected to decide at its September 18 monetary policy meeting to raise the unsecured overnight call rate (policy rate) by 25 bps, from the current 1.00% to 1.25%. If approved, 1.25% would be the highest policy rate in 31 years, since 1995. Financial markets, including equities, are closely watching the outcome of the meeting and Governor Kazuo Ueda’s subsequent press conference. Expected Decision: Unsecured Overnight Call Rate to Rise to 1.25%

According to Yonhap Infomax, the Bank of England announced on September 17 a major restructuring of its quantitative tightening program. Of its GBP 490 billion gilt holdings, BOE will retain GBP 120 billion as collateral, allow GBP 222 billion to mature passively by 2035, and shift GBP 146 billion m

According to RBA Governor Michele Bullock on Friday (September 18), Australian businesses are beginning to express concerns that high inflation will not return to below 3%, raising worries about inflation expectation adjustments. Speaking to a parliamentary committee, Bullock said businesses are

According to Japan's Statistics Bureau, core consumer price index rose 1.7% year-over-year in August, falling short of market expectations of 1.8% and declining from 1.8% in July. The headline CPI, including fresh food and energy, increased 1.9% year-over-year, unchanged from the previous

The U.S. Treasury market showed signs of recovery overnight after experiencing severe sell-off pressure, with the 10-year Treasury yield falling over 5 basis points to 4.947% according to Yonhap Infomax on the 18th. Market analysts attribute the stabilization to three converging factors: inflation e

Seoul forex dealers forecast the dollar-won exchange rate will fluctuate within a relatively wide range on January 18, influenced by the Bank of Japan's (BOJ) interest rate decision. The BOJ announces its base rate decision at noon on January 18, with markets expecting a 25 basis point hike

According to Yonhapinfomax on September 18, U.S. 10-year Treasury yields fell overnight to 4.947%, down over 5 basis points from the previous session, as markets recovered from recent losses in the Treasury market. The decline was driven by stabilizing inflation expectations following the Federal

According to Odaily, USD/CNH (USDCNH) fell to 6.700, trading at 6.69914 with a 24-hour decline of 0.2%, based on Gate data.