DXY & Forex

South Korea's government announced on August 3rd the reform of the Korea Investment Corporation (KIC) into a comprehensive sovereign wealth fund capable of domestic strategic investment, with emphasis on strengthening independence. The reform establishes a separate strategic investment account

According to the South Korean government on August 3, Korea Investment Corporation (KIC) will be restructured from a savings-focused fund into a comprehensive sovereign wealth fund with enhanced independence for strategic domestic

According to Yonhap Infomax, South Korea's benchmark KOSPI index surged 1,001.89 points to 6,595.45 today, while the KOSDAQ rose 74.98 points to 719.76. In the U.S., major indices also advanced, with the Dow Jones climbing 276.97 points to 52,485.03, the S&P 500 gaining 52.09 points to 7,489.72,

According to Guru Club, the Japanese yen strengthened against the U.S. dollar on August 3, with USD/JPY breaking above the 156 level during the trading session, up approximately 1% intraday.

According to Jin10, the U.S. dollar fell sharply against the Japanese yen on August 3, dropping 170 pips in 15 minutes to break below the 156 level for the first time since May 6. USD/JPY declined more than 1% during the

According to Guru Club, JPY/USD surged over 100 pips on August 3, hitting a daily high of 156.39.

According to China Foreign Exchange Trade System (CFETS), the Chinese yuan exchange rate index fell 0.56 to 102.19 on a weekly basis on July 31.

The USD/JPY exchange rate declined 100 pips intraday, currently trading at 156.65.

JPMorgan Chase advanced its forecast for the next Federal Reserve rate hike to December 2026, moving it up from the previously expected second half of 2027. The bank forecasted that policy rates would then remain in the 3.75%-4.0% range, while noting that a September hike poses a risk if inflation r

According to Yonhapinfomax, Korean retail investors returned to buying U.S. stocks and bonds in July, with stock purchases reaching a 6-month high and bond purchases hitting an 11-month high. The surge was driven by concentrated demand for leveraged U.S. tech ETFs, with Nasdaq-100 3x leverage ETF (S

According to JPMorgan Chase on August 3, the U.S. Treasury Department has limited liquidity resources to coordinate further currency intervention with Japan. As of June, the Treasury's Exchange Stabilization Fund held approximately $13 billion in euro-denominated assets and $25.5 billion in U.S.

China's central bank will have 1.842 trillion yuan in short-term reverse repurchase agreements expiring this week (Aug 3-7, 2026). Additionally, 300 billion yuan in 3-month reverse repos are due to mature on Wednesday. The central bank previously announced it will conduct 300 billion yuan in

Japan's Finance Minister Koyuki Katayama stated on August 2 that Japan is closely monitoring currency market developments. The remark reflects ongoing attention to foreign exchange dynamics amid evolving global economic

According to Jin10, multiple key economic data releases are scheduled for this week. On Monday, China's July manufacturing PMI and U.S. June construction spending will be released. Tuesday will see U.S. June trade balance and JOLTS job openings data, followed by SpaceX's earnings report after

According to Yonhap Infomax CP and short-term bond issuance statistics, 25 South Korean securities companies issued a combined 10.26 trillion won ($7.6 billion) in commercial paper (CP) and short-term bonds during the week ended July 31. Mirae Asset Securities led issuers with 2.12 trillion won,

According to Shinhan PWM advisor Lee Hyung-ki, on August 31, South Korean investors face two ETF strategies as the won-dollar exchange rate surpassed 1,500 won. The key distinction lies in whether an ETF carries an 'H' suffix. Hedged (H) ETFs eliminate currency risk, so returns depend solely on asse

According to U.S. Treasury Secretary Scott Besent in a post on X on August 3, the U.S. Treasury will continue close monitoring and coordination with Japan's Ministry of Finance and the Bank of Japan, stating "we will not hesitate to engage in further joint intervention." Besent also noted that the F

According to Guru Club, on Sunday (August 3), Trump commented on U.S. participation in the foreign exchange intervention that strengthened the yen, describing it as a symbol of U.S.-Japan friendship. Trump stated, "They needed some help, and we always support Japan. We have a good

The USD-KRW 1-month NDF surged to 1,442.90 won (MID) on January 31 night in the New York market, according to overseas brokers on the 3rd. This represented a 19.40 won increase from the Seoul spot market close of 1,424.00 won when adjusted for the 1-month swap point of -0.50 won. The spike

According to overseas brokers citing Reuters reports, the U.S. dollar-South Korean won 1-month non-deliverable forward (NDF) surged to 1,442.90 won on the night of August 1, rising 19.40 won from Seoul's prior spot market close of 1,424.00 won. The rally was driven by caution over potential U.S.