DXY & Forex

On June 16, China's Ministry of Finance successfully issued 15 billion yuan of bonds in Hong Kong targeted at institutional investors, receiving strong demand with a subscription ratio of 3.86x. The issuance comprised four tranches: 4.5 billion yuan in 2-year bonds at 1.29% coupon, 4.5 billion yuan

According to Hirofumi Suzuki, chief FX strategist at Sumitomo Mitsui Bank, on June 16, Japan's central bank voting saw one dissent but the market impact remained limited. Officials did not propose a 50 basis point rate hike, which had been a prior concern. The bank expects to continue raising

The Bank of Japan flagged its focus on the potential impact of Middle East developments on financial markets, foreign exchange markets, and Japan's economy and prices. The central bank also emphasized the need to monitor global AI-related demand trends and future foreign exchange movements for

The Bank of Japan said core CPI inflation is expected to rise gradually and reach levels consistent with its price target between the second half of fiscal year 2026 and fiscal year 2027.

According to the Bank of Japan, the central bank plans to reduce its Japanese government bond (JGB) holdings by 36% to 39% by March 2030 compared to June 2024 levels.

The Bank of Japan announced it will increase its monthly purchases of 1- to 3-year Japanese government bonds (JGBs) to 355 billion yen, twice per month, from July through September. This represents a shift from the previous plan of purchasing 255 billion yen three times monthly, effectively

According to the Bank of Japan, the central bank plans to purchase 320 billion yen of 3-to-5-year Japanese government bonds twice monthly from July through September. This represents an increase from the previous schedule of purchasing 230 billion yen three times per month.

According to Bank of Japan board member Tanno, a proposal to reduce bond purchases by 200 billion yen every quarter starting April 2027 was submitted for deliberation. The measure would represent a gradual shift in the central bank's monetary policy

According to the Bank of Japan, the risk of significant economic slowdown appears to have diminished compared to previous assessments.

The Bank of Japan confirmed on June 16 that its plan to reduce Japanese government bond purchases by 200 billion yen monthly will remain unchanged through March 2027.

According to the Bank of Japan, the Japanese economy is experiencing a moderate recovery today, though some sectors are showing signs of weakness.

The Bank of Japan announced it plans to adjust its Japanese government bond purchases from July to September, increasing to 335 billion yen twice per month for five- to ten-year bonds, compared to the previous 240 billion yen purchased three times

The Bank of Japan announced that its new monetary market operation guidance will take effect on June 17.

The Bank of Japan announced plans to purchase 7.5 billion yen of ultra-long-term Japanese government bonds (with remaining maturity of 25 years or more) twice monthly from July through September. The purchase amount remains unchanged from previous

According to Jin10, on June 16, the Bank of Japan raised its benchmark interest rate by 25 basis points from 0.75% to 1.00%, reaching the highest level in 31 years and matching market expectations. The move follows three consecutive meetings where the central bank held rates

According to the Bank of Japan, policy committee member Asada voted against the rate decision at the latest monetary policy meeting. The dissenting view marks a divergence from the central bank's consensus, though the specific details of the decision and rationale for the opposition were not

Overnight SHIBOR (Shanghai Interbank Offered Rate) rose to 1.4230%, up 0.4 basis points. The 7-day SHIBOR increased to 1.4880%, gaining 2.7 basis points, while 3-month SHIBOR rose to 1.4280%, up 0.55 basis points.

According to Barclays, on June 16, the Bank of Japan may adjust the phrasing of its forward guidance while retaining the underlying message. Barclays economists expect the BoJ to modify the current phrase "real interest rates remain significantly low" to either "real interest rates remain at low

According to Yahoo Finance on June 15, Robert Kiyosaki, the author of Rich Dad Poor Dad, recently posted a video on Instagram arguing that Americans have continued to suffer slow, invisible wealth theft since August 15, 1971, when Nixon announced that the US dollar was taken off the gold standard. Based on data from the Minneapolis Fed, over the past 55 years the dollar’s purchasing power has shrunk by about 87.75%. Kiyosaki Rehashes a Historical Event: The Dollar Leaves the Gold Standard System

According to Nomura Research Institute on June 16, the Bank of Japan needs to more clearly articulate how rate hikes will affect the economy compared to historical experience and explicitly define its policy-tightening objectives. To date, the central bank has described policy tightening as an