DXY & Forex

According to ICE, the U.S. Dollar Index fell 0.01% to 99.883 on Tuesday (August 4) in New York late trading, with intraday range of 100.058-99.828. The Dollar strengthened 0.38% against the Japanese Yen to 157.78, stabilizing after four consecutive trading days of decline, according to Bloomberg

The US Labor Department is scheduled to release July Non-Farm Payroll (NFP) data on August 7 at 9:30 PM Korean time (8:30 AM US Eastern time) amid heightened market concerns over yen carry trade unwinding. On July 31, the Japanese government, Bank of Japan (BOJ), and US Treasury jointly intervened i

According to reports, the U.S. non-farm payroll (NFP) data is scheduled to be released on August 7 at 8:30 AM ET (9:30 PM Korea time), amid mounting concerns over yen carry trade unwinding. Japan's government and central bank, along with the U.S. Treasury, intervened in foreign exchange markets on J

Onshore yuan (CNY) climbed to 6.7510 against the US dollar on August 4 early trading (Beijing time 03:00), gaining 50 pips from Monday's night session close. Trading volume reached 42.373 billion dollars.

Wells Fargo plans to introduce tokenized deposits for select corporate and commercial clients later this year, beginning with round-the-clock transactions between the U.S. dollar and British pound on its proprietary blockchain. The bank aims to provide 24-hour settlement capability including

A coalition of US states including Oregon, New York, and California filed a lawsuit against the Trump administration over Section 301 tariffs imposed on imports from roughly 60 economies, with levies taking effect last month. The states argue the tariffs are arbitrary, exceed statutory limits, and u

Wells Fargo plans to launch tokenized deposits for corporate and commercial clients later this year, beginning with 24-hour USD-GBP transactions on its proprietary blockchain. The initial service will expand to additional clients, countries and currencies throughout 2027. Tokenized deposits are

The USD/JPY exchange rate rose 0.644 yen (0.410%) to 157.597 yen as of 10:47 AM ET on the 4th, according to Yonhap Infomax, as bargain buyers entered following the currency pair's recent sharp decline. The pair had plunged to 155.220 yen the previous day before recovering to close at 157.143 yen. US

According to Yuonhap Infomax, the USD/JPY exchange rate rebounded to 157.597 yen on August 4 at 10:47 AM ET, up 0.644 yen or 0.410% from the previous close. The pair had plunged to 155.220 yen the previous day before recovering as low-price buying interest emerged. U.S. Treasury Secretary Scott

On August 4, the Federal Reserve's overnight reverse repurchase agreement (RRP) facility saw usage of $2.251 billion across 3 counterparties, up from $2.127 billion on the previous trading day.

According to CME FedWatch data, as of August 5, the probability of a 25 basis point rate hike in September reached 56.9%, while odds of holding rates steady stood at 43.1%.

The US Department of Commerce reported on local time August 4 that the June trade deficit reached $73.3 billion. The figure exceeded the market forecast of $73 billion compiled by Yonhap Infomax, while the prior month's deficit was revised to $77.6 billion. The deficit occurred as both exports and i

According to the U.S. Department of Commerce, the U.S. goods and services trade deficit reached $73.3 billion in June, exceeding market expectations of $73 billion. June exports declined to $314.7 billion, down $2.9 billion from the prior month, while imports fell to $388 billion, down $7.3 billion

According to Nick Timiraos, Treasury Secretary Bessent's policy reaction function has shifted away from dovish stance as of Aug 4. Timiraos, often dubbed the 'Fed's mouthpiece,' noted that Bessent's recent comments suggest the Federal Reserve should maintain interest rates unchanged. Earlier this

According to the U.S. Commerce Department, the June trade deficit narrowed 5.6% to $73.3 billion, with imports declining 1.8% to $388 billion for the first time this year, while exports fell 0.9% to $314.7 billion, according to data released on Tuesday,

According to Yonhapinfomax data, the U.S. 10-year Treasury yield fell 4.60 basis points to 4.638% on August 4 as of 9:31 a.m. ET. The 2-year yield declined 5.70bp to 4.199%, while the 30-year yield dropped 3.20bp to 5.199%. The yield curve steepened, with the 10-year to 2-year spread widening to 43.

According to Yonhapinfomax, the USD/KRW closed at 1,426.80 won on August 4, down 3.00 won from the previous day, amid U.S. Treasury Secretary Scott Bessent's remarks on currency volatility. Bessent stated that if the yen weakens, other currencies may follow, and noted that "excessive volatility

On Tuesday, August 4, UK gilt yields declined across the curve during late European trading. The 2-year gilt yield fell 7.4 basis points to a daily low of 4.232%, while the 10-year yield dropped 5.9 basis points to 4.893%.

According to Jin10, China's central bank announced it will conduct 500 billion yuan worth of outright reverse repo operations on August 5, with a 3-month maturity. Meanwhile, data from Japan's central bank indicated that it likely did not intervene in the foreign exchange market on Monday. U.S.

According to Jin10, market pricing no longer reflects expectations for a 25 basis point rate hike from the Bank of England this year. Traders have shifted their positioning away from this scenario.