DXY & Forex

According to Jin10 Data, on July 9, the Bank of Japan's branch managers reported the economy remained robust despite geopolitical risks and rising oil prices, strengthening the case for near-term rate hikes. The BOJ noted that while supply chain disruptions and material shortages have pressured

The USD-JPY exchange rate declined 0.06% to 162.422 yen as of 2:01 PM on July 9 in Tokyo trading, according to Yonhap Infomax. The rate initially rose following escalated US-Iran tensions, as President Donald Trump stated the ceasefire based on a memorandum of understanding was 'over' and the US

According to Yonhapinfomax, the USD/JPY exchange rate fell 0.06% to 162.42 yen at 2:01 p.m. Tokyo time on July 9. Initial dollar strength following escalated US-Iran tensions, with President Trump stating on July 8 that a truce agreement with Iran

Japan's Chief Cabinet Secretary Minoru Kihara expressed the government's aim to gradually reduce the debt-to-GDP ratio to regain market confidence.

Korea Investment & Securities analysts predict the Bank of Korea will raise the base rate by 25 basis points with a unanimous vote at the Monetary Policy Committee meeting on July 16, citing continued strong growth and inflation remaining above target levels for a considerable period. The analysts a

According to analysts at Korea Investment & Securities, the Bank of Korea will unanimously raise its benchmark interest rate by 25 basis points at its monetary policy committee meeting on July 16. Analysts Choi Ji-wook and Moon Da-woon cited steady economic growth and inflation remaining above the c

UK government bond yields across all maturities declined by 4-6 basis points during early London trading on July 9.

Barclays raised South Korea's nominal GDP growth forecast to 18.4% for this year in a report released on the 9th, citing strong export price growth. The investment bank also revised the current account surplus projection upward from $266 billion to $345 billion. Economist Son Beom-ki attributed the

Japan's Ministry of Finance conducted a 5-year government bond auction on July 9, with demand exceeding both the previous auction and the 12-month average. The bid-to-cover ratio reached 3.43 times, surpassing the prior result of 3.11 times and the 12-month average of 3.35 times. The tail spread

According to Japan's Ministry of Finance, on July 9, the country's 5-year bond auction attracted higher demand than the previous auction and 12-month average, with a bid-to-cover ratio of 3.43 times, surpassing the prior month's 3.11 times and the 12-month average of 3.35 times. The 5-year yield

Bank of Korea will pilot a 24-hour won settlement system in September for foreign investors to support the currency's international standing and potential MSCI developed market index inclusion, the central bank reported to the National Assembly's Strategy and Finance Committee on the 9th. The new in

According to its business report submitted to the National Assembly on July 9, South Korea's central bank will launch a 24-hour won settlement system in September to support foreign investors. The system aims to eliminate timing gaps between forex trading and won settlement, enhancing the won's

Germany's seasonally adjusted exports held unchanged at 0.9% month-on-month in May, matching the previous month's reading.

Germany's seasonally adjusted exports rose 0.9% month-over-month in May, exceeding the consensus forecast of -0.3% decline and matching the prior month's 0.9% growth rate.

According to Federal Reserve minutes from its June meeting chaired by new Chair Jerome Powell, nine of 19 officials now expect at least one rate hike this year, with six predicting two increases. The majority emphasized that "upside risks to price stability remain elevated" and favored removing

Germany's May seasonally adjusted trade balance data will be released in 10 minutes, according to official economic calendar.

According to Jin10 Data on July 9, Deutsche Bank's private client unit is considering purchases of emerging Asian bonds if crude oil prices maintain around $65-70 per barrel for approximately two months, to help suppress inflation and compress yields. Jacky Tang, the bank's Chief Investment

According to Barclays, on July 9, the bank's baseline expectation is that the Federal Reserve will maintain interest rates unchanged until the end of 2027. However, Barclays strategists still see upside risks toward rate hikes, citing the Fed's latest policy meeting minutes which highlighted

According to Yonhap Infomax, Bank of Korea Governor Shin Hyun-song ruled out a significant 50 basis point rate increase at next week's policy meeting on July 9. Speaking at a National Assembly Finance and Economics Committee session, Shin clarified that recent references to a big step were general r

According to Barclays, as of July 9, the Federal Reserve is expected to hold interest rates unchanged through the end of 2027 based on the bank's baseline forecast. However, Barclays strategists said downside risks remain tilted toward rate hikes. The latest Federal Reserve policy meeting minutes re