DXY & Forex

According to Japan's Ministry of Finance on August 7, Japan conducted large-scale yen-buying interventions from April 30 to May 6, totaling 11.7 trillion yen across three operations. The largest intervention occurred on April 30, when the ministry purchased 62,787 billion yen (approximately 56.4 tri

The UK Financial Times published an exclusive report on August 7, citing several people familiar with the matter who said that, during the US foreign exchange intervention last week involving the sale of euros and purchase of yen, the European Central Bank was not notified until after the transaction had been completed. ECB President Christine Lagarde subsequently discussed the intervention with US Treasury Secretary Bessent. Some senior ECB officials believe that the US decision to use euros in

Yen short positions in carry trades surpassed 2 trillion yen in spring 2025 as the Bank of Japan signaled additional rate hikes. The development occurred less than a year after the August 2024 carry trade unwinding shock, prompting market concerns about potential global capital outflows. The Bank of

According to Yonhap Infomax, South Korean government bond futures fell on August 7 amid rising international crude oil prices and U.S. Treasury yield increases. As of 9:05 a.m., 3-year bond futures declined 2 ticks to 103.37, while 10-year futures dropped 22 ticks to 106.32. September WTI crude oil

The Federal Reserve's Foreign and International Monetary Authorities (FIMA) repo facility, designed to provide emergency dollar liquidity to foreign central banks, recorded a zero balance as of August 5, marking the eighth consecutive week of non-usage. The facility's highest utilization this year o

According to the Federal Reserve, as of August 5, FIMA repo balance—a tool designed to provide emergency dollar liquidity to foreign central banks—remained at zero for the eighth consecutive week. Meanwhile, the Fed's reverse repo balances with foreign central authorities decreased by $16.76

According to Yonhapinfomax, the USD/KRW exchange rate fell below the 1,420 Korean won psychological support level on August 6-7, hitting 1,414.50 won—its lowest level since early October 2025. The pair has declined over 144 won from July 1's high of 1,559.20 won. Market participants remain

According to Yonhapinfomax, on August 7, USD-KRW came under upward pressure in Seoul forex markets due to rising Middle East uncertainty surrounding Strait of Hormuz transit, coupled with signals that Federal Reserve Chair Kevin Warsh may prepare for a September rate hike if inflation data remains h

According to BlockBeats, the U.S. July nonfarm payroll report will be released at 8:30 p.m. Beijing time on August 7. Wall Street forecasts range widely from 18,000 to 83,000 jobs added, with the Dow Jones survey showing economists' average expectation at 83,000 jobs and unemployment rate holding at

On August 7, 2026, Beijing time, financial markets are simultaneously at the intersection of two major variables. The first variable comes from the U.S. labor market. The July NFP employment data due to be released tonight, Beijing time, is widely regarded by the market as a key basis for assessing the Federal Reserve’s next policy path—whether the U.S. economy is continuing to cool, whether the Fed has room to cut rates, and whether dollar liquidity will improve will all be reflected in the dat

According to Jin10, China's central bank realized a net withdrawal of 133 billion yuan in open market operations on August 7. The central bank conducted 10 billion yuan in 7-day reverse repos while 134 billion yuan in 7-day repos matured. For the week, the central bank conducted 176.5 billion yuan

According to the People's Bank of China, the central bank conducted a 10 billion yuan 7-day reverse repo operation today (August 7) at a rate of 1.40%, maintaining the rate from the previous operation. The bid amount and successful bid amount both reached 10 billion yuan.

On August 7, the Chinese yuan's midpoint rate against the U.S. dollar was set at 6.7904, down 9 points from the previous trading day's 6.7895. The official closing rate from the prior trading session stood at 6.7515, with the night session closing at 6.7517.

According to the interbank foreign exchange market, the USD/CNY midpoint rate on August 7 was set at 6.7904, up 9 basis points, indicating weakness in the Chinese yuan.

The USD-KRW exchange rate is expected to attempt a rise from the 1,420 won level on the 7th, reflecting external conditions fueling strong dollar flows. International oil prices and the dollar, which had been gradually declining, reversed direction upward overnight. Uncertainty surrounding the

According to Financial Times, Federal Reserve Chair Kevin Warsh signaled today he would be prepared to raise interest rates at the September meeting if inflation readings released in coming weeks come in hot. The report, citing people familiar with his thinking, comes as markets increasingly price i

According to the Guru Club, Japan's Ministry of Finance data for April through June showed forex interventions on three trading days; combined with last week's intervention activity, Japan appears to have used its annual intervention quota under IMF rules for 2026. Following joint yen-buying

Korea Housing Finance Corporation, Shinhan Bank, and KB Kookmin Bank are preparing to issue euro-denominated covered bonds, with Korea Housing Finance Corporation expected to begin bookbuilding late this month, followed by the two banks. The institutions are targeting the European covered bond

According to The Defiant, Wells Fargo will launch a tokenized deposit service for corporate clients this fall, initially supporting the USD-GBP corridor with 24/7 settlement and programmable payments that automatically release funds when conditions are met. The service is built on Cosmos