DXY & Forex

The Japanese yen strengthened to the 153 range against the US dollar on the morning of local time September 8, marking an 11-yen appreciation from 164 yen recorded on July 23. The currency shift follows coordinated pressure from US and Japanese authorities to address prolonged yen weakness. US

According to Jin10, offshore Chinese yuan Hong Kong Interbank Offered Rates (CNH HIBOR) showed mixed movement on Tuesday, September 8. The one-year HIBOR declined to 1.66030%, marking its lowest level since July 21, while overnight HIBOR fell 2 basis points to 1.39189% and one-week HIBOR slipped to

U.S. August NFP data far exceeded expectations, reviving calls for an Interest Rate hike on social media and among analysts. However, CME FedWatch Tool probability pricing is derived from the federal funds futures market, which showed a 58% probability that the September 16 FOMC meeting would raise rates by 25 bps to the 3.75%–4% range as of September 8—nearly unchanged from the week before the NFP release. Real-Time Market Data After the NFP Release After the release of the U.S. August NFP data

According to Daiwa Securities strategist Kenta Tadaide, economic fundamentals remain key to determining the USD/JPY direction. This week, U.S. inflation data will be released, followed by policy meetings from both the Federal Reserve and Bank of Japan next week. "If U.S. inflation accelerates,

According to Jin10, the Japanese yen reached a six-month high against the U.S. dollar on Tuesday (September 8) in Asian trading, driven by expectations of faster Bank of Japan rate hikes and potential capital inflows into Japanese assets. The yen surpassed levels seen during the joint U.S.-Japan

According to iNews24, on Sep 8, Hyundai Motor's shares fell to 389,500 Korean won, down approximately 20% from July 1's high of 487,500 won, as the Korean won strengthened against the U.S. dollar. The won-dollar exchange rate stood at 1,340.20 won, down 218 won from July 1's peak of 1,559.2

According to Jin10 and Eugene Investment & Securities, the South Korean won surged to a 23-month high over the past three months, appreciating more than 12% against the US dollar, driven by strong semiconductor-led exports, large trade surpluses, and dollar repatriation flows from exporters.

Japan's July real wages rose 2.4% year-over-year, extending growth for a seventh consecutive month, according to the Ministry of Health, Labour and Welfare. The sustained wage growth was driven by wage hikes from the 2025 spring labor negotiations (shunto) and summer bonus payments. Nominal wages

According to Japan's Ministry of Health, Labour and Welfare, the country's nominal wage in July increased 4.7% year-over-year to ¥436,401, marking the largest gain since 1997 and surpassing market expectations of 3.8%. Real wages, adjusted for inflation, grew 2.4%—the largest increase in

China's exports to the United States rose 6.2% year-over-year in the first eight months of 2026, while imports from the U.S. increased 3.4% over the same period, according to official trade data.

China's trade balance in August reached $119.09 billion in dollar terms, according to official customs data. The figure fell short of the forecasted $120 billion but rose from July's $112.5 billion.

China's trade balance reached 809.3 billion RMB in August, increasing 5.5% from the previous month's 767.07 billion RMB.

China's trade surplus in August reached $119.09 billion, up from $112.5 billion in July, according to official trade data. The month-on-month increase of $6.59 billion reflects continued strength in the country's export

Japan's Ministry of Finance announced on the 8th that the country's July current account surplus reached 2.9889 trillion yen (approximately 26.0539 trillion Korean won), exceeding market expectations of 2.87 trillion yen. The surplus represents an increase of 402.6 billion yen compared to the same m

The USD/JPY exchange rate broke below the 154 yen level on the morning of September 8, trading at 153.871 yen as of 9 AM, down 0.30% from the previous session. This marks the first time the currency pair has fallen below 154 yen since February 23. Yen buying intensified amid growing expectations

According to Yonhapinfomax, the US dollar-to-yen exchange rate broke below 154 yen on the morning of September 8, trading at 153.871 yen as of 9 a.m., down 0.30% from the previous day. This marks the first time the pair has fallen below that level since February 23. Yen strength has been driven by e

Japan's Finance Minister Kakasuzu Katayama stated recently that the government will refrain from commenting on specific yen levels and maintain its stance on forex policy since joint intervention measures were implemented. The finance ministry will work to ensure orderly forex market operations and

Korean Treasury bonds worth KRW 16.6 trillion are set to mature on the 10th, drawing market attention as a potential supportive supply-demand factor in the bond market. The maturity includes rolled 2-year and 5-year KTBs. Dealers note that with the quarter-end approaching and additional rate hike po

Japan's Finance Ministry will auction 700 billion yen of 20-year government bonds on September 15.

China's Central Bank conducted a 1 billion yuan 7-day reverse repo operation today (September 8) at an interest rate of 1.40%, holding steady from the previous day.