DXY & Forex

According to ING, Japanese authorities intervened in the foreign exchange market overnight on July 30, pushing the USD/JPY exchange rate below 160 yen. ING estimated the intervention at approximately $70 billion, comparable to Japan's previous intervention in late April when authorities conducted a

The U.S. Bureau of Economic Analysis (BEA) released on July 31 that June personal consumption expenditures (PCE) inflation rose 3.7% year over year, down from 4.1% in May, matching market expectations. Supported by cooling PCE inflation data, Bitcoin (BTC) rebounded to above $65,000, rising nearly 2% over the day. At the Federal Open Market Committee (FOMC) meeting the previous day, the Federal Reserve (Fed) kept interest rates unchanged for the fifth consecutive time. U.S. June PCE data: Year-o

According to The Block, Project Agorá, led by the Bank for International Settlements (BIS), completed a live cross-border payment test with tokenized central bank reserves and commercial bank deposits. Five central banks and 28 commercial banks participated, including JPMorgan Chase, Citibank,

Japanese stocks opened sharply higher as of 9:17 AM, with the Nikkei 225 index rising 2,485.88 points (4.02%) to 64,353.31. The rally was driven by overnight gains in US markets, where Microsoft surged over 15% on strong second-quarter earnings, lifting the Philadelphia Semiconductor Index 8.19%.

According to Zhao Lian's Chief Economist Dong Ximiao, cited by Jin10, China's central bank is expected to cut reserve requirement ratios and lower policy rates in the third quarter of 2026. The economist forecasts potential policy rate cuts of 10 to 20 basis points if economic momentum weakens in th

Japan's government launched large-scale market intervention to defend the yen on the evening of July 30, while South Korean FX authorities are believed to have simultaneously acted to support the won at a similar time. The coordinated response addresses recent weakness in both currencies, with USD-J

Japan's most senior foreign exchange official Junichi Mimura stated recently that contacts regarding foreign exchange policy are not limited to the United States, signaling a broader multilateral approach to currency

The US Federal Reserve on Wednesday 29th maintained its federal funds rate in the 3.5% to 3.75% range, marking the fifth consecutive hold this year, with a 115-word statement that was the shortest in nearly 20 years. The decision saw three dissenting votes favoring a 0.25% increase, contrasting with

According to BlockBeats, on July 31, U.S. Q2 core PCE inflation cooled yesterday, triggering a sharp market rebound as rate-hike expectations fell. Microsoft's better-than-expected earnings, combined with the end of AI fund deleveraging pressure, sparked a tech and momentum stock rally. The S&P 500

Japan's retail sales declined to ¥13.019 trillion in June from ¥13.447 trillion in May, marking a month-on-month decrease of approximately 3.2%.

Japan's retail sales dropped 4.1% month-over-month in June, falling short of the expected decline of 1.6% and reversing the previous month's growth of 1.9%.

Japan's industrial output surged 4.2% year-over-year in June, beating the 3.2% forecast and recovering from a 2.1% decline in May.

Japan's retail sales rose 0.5% year-over-year in June, falling well short of the 3.10% forecast. The prior month's figure was also revised downward to 5.00% from the initially reported 5.30%.

Japan's industrial production increased 1.3% month-over-month in June, according to the preliminary reading, exceeding the expected 1.0% and improving from 0.1% in the prior month.

The USD-KRW exchange rate plunged on July 31 following coordinated intervention by US and Japanese authorities in the yen market. As of 6 AM in the foreign exchange market, the USD-KRW rate traded at 1,418.00 won,

Korean government bond futures rose in overnight trading on the 31st as the upward trend in US long-term interest rates eased. The 3-year government bond futures closed at 103.10, up 8 ticks from the previous day's regular trading close, while the 10-year futures closed at 105.80, up 42 ticks.

According to Yonhapinfomax, the USD/KRW exchange rate fell sharply to 1,418.00 won as of 6 a.m. on July 31, down 19.40 won from the previous trading day's close of 1,437.40 won. The decline followed coordinated central bank intervention by the U.S. and Japan. USD/JPY plummeted from around 163 yen to

According to JPMorgan strategist Junya Tanase, Japan's cumulative forex interventions have exceeded 15 trillion yen ($9.4 billion) from 2024 levels ahead of the Bank of Japan's policy decision on July 31. If foreign exchange reserves continue to decline, further intervention may become constrained d

According to Jin10, Japan's Tokyo consumer price index (CPI) reached its fastest increase since December 2025 in June.

USD/JPY broke above 160 intraday on July 30, gaining 0.33% during the session.