DXY & Forex

According to JPMorgan's U.S. rates strategy chief Jay Barry, the Federal Reserve is now expected to raise rates in December 2026, at least six months earlier than the bank's previous forecast of mid-2027. The expected federal funds target range is projected at 3.75%-4%. JPMorgan raised its

According to Reuters and Japanese media reports, the U.S. and Japanese governments jointly intervened in foreign exchange markets from July 30 to August 1, purchasing yen and selling dollars to combat yen depreciation. The yen strengthened from 163 per dollar to 157 per dollar within 50 minutes on J

Over the past three months, Japan reduced its U.S. Treasury holdings by $96 billion, bringing total holdings to $1.14 trillion, the lowest level since April 2025, according to market sources.

According to Jin10, next week (August 3-9) will bring multiple key economic data releases. Monday will see China's July manufacturing PMI and the U.S. July ISM manufacturing PMI; Tuesday features the U.S. June trade balance and JOLTS job openings; Wednesday brings the U.S. ADP employment change and

According to CoinDesk, crypto exchanges' traditional asset perpetual futures trading volume reached $1.32 trillion in the first five months of 2026, far surpassing the full-year 2025 total of $104.21 billion, per CoinGecko data. Monthly volume grew from $230 million in January 2025 to $347.17 billio

According to CCTV, U.S. Treasury Secretary Bessent announced on July 31 that the Treasury Department is pursuing Iranian assets worldwide under President Trump's direction as part of an ongoing economic campaign against Iran. Bessent cited measures taken since March 2025, including actions that

According to Cheong Wa Dae spokesperson Kang Yu-jeong, South Korean President Lee Jae-myeong will hold a closed-door meeting on real estate policy and stock market issues immediately upon returning from an 11-day tour of the U.S. and three South American countries on August 2. During the president's

Bitcoin posted a 7.36% return in July but faces mounting pressure in August as macro headwinds intensify. The USD/JPY pair dropped over 3% from 164 to 157 after Japan spent $52.8 billion defending the yen, with the U.S.

According to AMBCrypto, Japan spent $52.8 billion defending the yen this week, with USD/JPY falling more than 3% to 157 from 164. The U.S. Treasury also sold euros to buy yen, marking America's first yen intervention since 1998. The move has rippled across markets. The 30-year U.S. Treasury yield c

According to Reuters, on July 31, a note from U.S. Treasury Secretary Bessen was photographed by reporters at a cabinet meeting at Camp David, revealing a plan to purchase $5 to $10 billion in Japanese yen. The leaked document indicated the U.S. government's intention to intervene in currency

The Korean won appreciated 8.81% against the US dollar in July, marking the sharpest monthly gain since the global financial crisis. The won-dollar exchange rate fell 125.4 won during the month, closing at 1424.0 won on July 31 compared to 1549.4 won at the end of June, according to the Bank of Kore

According to South Korea's Bank of Korea, the Korean won strengthened to 1,424.0 against the U.S. dollar on July 31, up 8.81% from 1,549.4 at the end of June—marking the largest monthly appreciation since March 2009 during the global financial crisis. The surge was driven by SK Hynix's dollar

According to Yonhap Infomax, the 30-year U.S. Treasury yield surged to 5.275% on July 31, climbing 11.50 basis points and briefly touching 5.284% to mark its highest level since July 2007. The 10-year yield rose to 4.739%, up 6.00 basis points, while the spread between the two widened to 44.60 basis

On August 1, China's State Administration of Foreign Exchange held a video conference to deploy foreign exchange management priorities for the second half of 2026. The agency outlined plans to steadily expand institutional

According to data from the Financial Supervisory Service presented to lawmaker Lee Jong-wook, stablecoin outflows from South Korea's five major exchanges totaled 5.603 trillion won in June, with cumulative outflows exceeding inflows for 18 consecutive months. The June net outflow represented 77.6% o

According to the People's Bank of China, at its mid-year work conference on August 2, the central bank emphasized steady progress in financial reform and opening-up, including advancement of digital yuan cross-border infrastructure and construction of an international renminbi payment system. The ce