DXY & Forex

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.

China's central bank set the yuan-to-dollar midpoint rate at 6.7804 today (September 8), marking a decline of 9 points from yesterday's midpoint of 6.7795. The previous official closing rate stood at 6.7106.

US stock index futures showed mixed performance during Asian trading hours on the morning of the 8th, as Middle East military tensions persisted. As of 9:41 AM Korean time, E-mini S&P500 futures declined 0.14% to 7,711.00, while E-mini Nasdaq100 futures rose 0.23% to 29,632.00. The mixed trading

According to Japan's Ministry of Finance preliminary portfolio flow data, overseas investors sold 4.03 trillion yen in Japanese government bonds in June-July, marking the largest two-month outflow since early 2023. In June, foreign investors offloaded 2.4 trillion yen, followed by 1.63 trillion yen

According to CFETS-NEX as reported by Jin10 Futures, China's CNY liquidity sentiment index rose to 48 as of 08:45 on September 8, up 1 point from 16:00 the previous day. The sentiment indices for major banks, mid-sized banks, and non-bank institutions reached 47, 49, and 47 respectively, each

South Korea's National Pension Service halted currency hedging and began purchasing dollars as the won-dollar exchange rate declined sharply, according to bond market sources on the 8th. The move comes as attention focuses on the fate of the pension fund's FX swap contract with foreign exchange

According to Yonhap Infomax on September 8, South Korea's National Pension Service halted currency hedging and shifted to dollar purchases as the won-dollar exchange rate declined sharply. The central bank and pension fund are set to decide by year-end whether to renew and adjust their foreign exch

Korean auto stocks declined over the recent one-month period, with the KRX Auto Index falling 6.0%—the steepest drop among all KRX indices. Hyundai Motor fell 1.75% and Kia dropped 3.89%, driven by combined vehicle sales of 555,000 units (down 5.9% year-over-year) and a strengthening won that

South Korean commercial banks recorded 187 trillion won in net deposit inflows between August last year and June end this year, reaching 2,912 trillion won in total deposits, according to financial sector data released on Sept 8. The increase occurred despite financial authorities' expectation

According to Korea Exchange, the KRX automotive index fell 6.0% over the past month as of September 7, marking the steepest decline among all major indices. Hyundai Motor dropped 1.75% and Kia declined 3.89% during the period, while components suppliers including Hyundai Mobis fell 14.96%. Hyundai

According to Jin10 and Japan's Cabinet Office report released on September 8, Japan's second-quarter GDP was revised upward to 1.4% on an annualized basis, exceeding the prior estimate of 1.1%, though falling short of economists' consensus forecast of 1.8%. The stronger-than-estimated data

According to the Financial Investment Association Bond Information Center, South Korean banks issued 182.15 trillion won in bank bonds through August, up 39.8% compared to 130.29 trillion won in the same period last year, as reported on September 8. Monthly issuance volumes have expanded to

According to investment banking sources, Shinhan Bank completed a €600 million covered bond issuance yesterday (September 7), marking its return to the European market after more than two years. The 3.5-year fixed-rate green covered bond was priced at 19 basis points above EUR mid-swap,

According to HSBC, on September 7, the bank downgraded its USD/KRW forecasts for end-2026 and mid-2027 from 1500 to 1320 and 1280 respectively, citing South Korea's record current account surplus. Asia FX Research Head Joey Chew noted that the annualized current account surplus reached $400

Japan's private consumption posted zero growth in the second quarter on a seasonally adjusted quarterly basis, matching both the expected reading of 0.00% and the prior quarter's result.

JR Global REIT, currently undergoing court rehabilitation, announced on September 7 that it had terminated portions of its euro and dollar currency hedging contracts early, taking advantage of the sharp won appreciation. The early termination reduced the company's guarantee debt related to FX

According to Japanese trade statistics, Japan's trade deficit widened to 399.9 billion yen in July, compared with a deficit of 135.2 billion yen in June.

Japan's second quarter actual GDP quarter-on-quarter growth (QoQ) came in at 0.4% (final value), meeting market expectations of 0.40% and rising from 0.30% in the first quarter.