DXY & Forex

According to Jin10, China's central bank conducted no reverse repurchase operations today (September 3), resulting in a net liquidity injection of 103 billion yuan as 103 billion yuan worth of 7-day repos

The People's Bank of China announced today (Sept 3) that the volume of 7-day reverse repo operations was zero, based on demand from primary dealers in the open market.

According to the China Foreign Exchange Trade System, the Chinese yuan strengthened to 6.7807 against the U.S. dollar today (Sept 3), marking its strongest level since February 8, 2023. The mid-price appreciated 22 basis points from the previous trading day's mid-price

According to Bank of America analysts on September 2, employment data due this week will likely not be the decisive factor for the Federal Reserve's September 15-16 FOMC meeting. BofA analysts stated that while significantly weaker-than-expected employment figures could lower rate hike odds, the

The USD-KRW exchange rate tested the 1,350 won level on September 3rd as selling-dominated supply drove continued downward momentum. The sharp overnight drop in USD-JPY, which fell over 1 yen from the mid-159 yen range to around 158.20 yen in the New York session, accelerated the decline in USD-KRW

The Bank of Korea removed the country-by-country foreign exchange reserves ranking table from its monthly press release on September 3. The central bank stated that absolute reserve rankings fail to accurately reflect a nation's external soundness and can generate market noise when rankings

According to Bank of Korea's official press release, the central bank discontinued its country-by-country foreign exchange reserve rankings on September 3 (for August-end data), citing that comparing absolute reserve sizes creates market noise rather than reflecting actual external soundness. The ra

Japan's 30-year government bond yield declined 10 basis points to 4.065% today (September 3).

US Special Envoy Steve Witkoff met with UAE National Security Advisor Tahnoon bin Zayed Al Nahyan (TBZ) last weekend on the Mediterranean island of Sardinia to discuss next steps for resolving the Iran crisis, Axios reported on the 2nd (local time) citing two sources. The meeting occurred days

According to Jin10, the CFETS-NEX yuan funding sentiment index stood at 47 as of 09:45 on Sept 3, unchanged from the previous day at 16:00. Indices for large banks, mid-sized banks, and non-bank institutions remained at 46, 48, and 46

Korean stock markets rebounded with over 1% gains at the opening after declining the previous day, as US Treasury yields stabilized. The KOSPI opened at 6,650.33, up 87.61 points or 1.33% from the previous trading day, while the KOSDAQ index started at 814.31, gaining 10.33 points or 1.28%,

According to Jin10, on September 3, Singapore Dollar exhibits a stronger inverse correlation with the U.S. dollar than any other Asian currency, positioning it as a potential regional outperformer if the dollar-weakness trade intensifies. Galvin Chia, an emerging Asia strategist at Societe

Japan's 20-year government bond yield fell 7 basis points to 3.815% today (September 3).

Stocks and bonds declined simultaneously since late last month, reversing their typical inverse relationship. KOSPI fell 3.8% while the 10-year Korean treasury yield rose 0.1 percentage point during this period. The simultaneous drop stems from rising oil prices, central bank monetary tightening, an

According to Yonhapinfomax, South Korea's Industrial Bank of Korea completed a $2 billion global bond offering on September 1-2, pricing fixed-rate notes at record-low spreads of 36-48bp over SOFR. The offering comprised $1 billion each of 3-year and 5-year tranches. The bank achieved zero

According to Chosun Ilbo, stocks and bonds fell simultaneously on September 2, with South Korea's Kospi index down 3.8% since late August and the 10-year Treasury yield hitting 4.818%, the highest level since November 2023. This breaks the traditional inverse relationship between the two assets.

Foreign investors made net purchases of 509.1 billion yen in Japanese bonds during the week of August 28, up from 435.2 billion yen the previous week.

According to Japan's financial data, the country's net purchase of foreign bonds for the week ended August 28 came in at negative 824 billion yen, indicating net sales rather than purchases.