DXY & Forex

Japan's Finance Minister Katayama stated today that the Japan-U.S. joint statement enables Japan to take decisive foreign exchange action when necessary.

According to Japan's Ministry of Health, Labour and Welfare, real wages rose 1.9% year-on-year on June 5, marking the fourth consecutive monthly increase and the longest streak in four years. The increase exceeded economist expectations of 1.7%. Nominal wages grew 3.5%, also surpassing the market co

Japan's foreign exchange reserves declined to $130.59 billion in May from $138.30 billion in the previous month, reflecting a decrease of $7.71 billion.

Japan's all households spending declined 0.5% year-over-year in April, beating the forecasted decline of 1.5% and marking a significant improvement from the previous month's -2.9% contraction, according to official economic

Japan all households spending rose 1.6% month-on-month in April, beating the market expectation of 0.8% and rebounding from a 1.3% decline in March.

Japan's workers' cash earnings rose 3.5% year-over-year in April, exceeding the forecast of 3.1% and marking an acceleration from the previous reading of 2.7%.

According to the Bank of Korea, the country's current account surplus in April reached the second-highest level on record.

According to Jin10, the U.S. Dollar Index, which measures the greenback against six major currencies, fell 0.11% to close at 99.419 on June 5. The euro strengthened to 1.1614 per dollar, up from 1.1598 the previous trading day, while sterling rose to 1.3425 per dollar from 1.3416.

According to CME FedWatch on June 5, the probability of the Federal Reserve maintaining interest rates unchanged in June stands at 96.4%, with a 3.6% chance of a 25-basis-point rate cut. For July, the probability of unchanged rates is 88.5%, compared to an 8.2% probability of a 25-basis-point rate h

On Thursday (June 4), the U.S. dollar weakened as investors ditched safe-haven demand following Israel and Lebanon's ceasefire agreement, with the Dollar Index (DXY) declining 0.1% to 99.45. The agreement, contingent on Hezbollah's full withdrawal south of the Litani River, revived hopes for

On Thursday, June 4 at 4:59 a.m. Beijing time, offshore Chinese yuan (CNH) traded at 6.7769 yuan per dollar, up 34 points from Wednesday's New York close. Intraday range: 6.7803-6.7701 yuan per dollar.

According to Argentina's Central Bank market expectation survey, the central bank projects GDP growth of 2.9% for the end of 2026, up 0.1 percentage point from previous forecasts, while inflation is expected to

Foreign central banks reduced their holdings of U.S. Treasuries by $32.686 billion during the week ending May 29, reversing the prior week's increase of $12.829 billion. The sharp swing marks a significant shift in foreign demand for U.S. debt, reflecting changing sentiment among international

According to Jin10, Federal Reserve official Mary Daly stated that current monetary policy is in good shape, but economic uncertainty makes it inappropriate to provide forward guidance on interest rates. Daly expressed particular concern about inflation, citing rising energy and food prices as key w

On Thursday, June 4, U.S. Treasury yields declined across the curve. The 2-year yield fell 3.51 basis points to 4.0472%, while the 10-year yield dropped 2.17 basis points to 4.4729%, hitting a daily low of 4.4453% at 20:30 Beijing time. The 30-year yield fell 1.71 basis points to 4.9746%.

On June 4, the ICE U.S. Dollar Index declined 0.10% to 99.43 in New York close, posting losses throughout the day before rebounding to fresh lows at 99.18 by 20:00. The Bloomberg U.S. Dollar Index fell 0.06% to 1204.71. The dollar weakened against the yen, with USD/JPY down 0.03% to 160.02.

China's onshore yuan (CNY) strengthened to 6.7742 against the U.S. dollar on June 4 at 03:00 Beijing time, gaining 51 points from Wednesday's closing. Trading volume reached 507.88 billion U.S. dollars.

According to Bloomberg Tech, on Thursday, June 4, San Francisco Federal Reserve President Mary Daly stated that while U.S. monetary policy is in a good position, the Fed maintains flexibility and has not ruled out rate hikes or cuts due to uncertainties in inflation, energy prices, and economic

Recently, U.S. Treasury Secretary Scott Bessen described inflation using terminology that echoes the phrasing that drew criticism when former Federal Reserve Chair Janet Yellen employed it. "Apart from inflation—which I believe is just a short-term blip—economic data is very strong," Bessen said.