DXY & Forex

According to Jin10, Federal Reserve official Williams said on August 4 that inflation is expected to moderate, adding the Fed will take action if the forecast does not materialize. In the broader market, China's long-end bond yields narrowed during July, with intermediate and long-term bond funds

According to Seoul Economic, the Korean won-to-US dollar exchange rate closed at 1,432.5 won on August 4, up 2.7 won from the previous day's close, after hitting an intraday low of 1,421 won earlier in the session. Middle East geopolitical risk easing and crude oil prices declining over 4%

Bank of Korea Monetary Policy Committee members stressed the need to evaluate the advantages and disadvantages of preemptive versus gradual interest rate increases when determining the base rate, according to meeting minutes released last month. The emphasis came amid significant uncertainties

On August 4, South Korea's central bank released the minutes from its July monetary policy meeting, in which board members emphasized evaluating both the merits and drawbacks of preemptive and gradual rate hikes when setting the benchmark rate. According to the Bank of Korea's meeting minutes,

The USD-JPY exchange rate rose on August 4th in Tokyo trading, climbing 0.25% to 157.540 yen as of 2:11 PM compared to the previous session. The increase followed several days of decline triggered by confirmed joint US-Japan government intervention to buy yen in foreign exchange markets. Japanese

According to Yonhapinfomax, the dollar-yen exchange rate rose 0.25% to 157.54 yen on August 4 in Tokyo trading, rebounding after days of decline following coordinated Japanese and U.S. government yen-buying intervention. The pair touched an intraday high of 157.74 yen amid position adjustments and p

According to South Korea's Finance Ministry, the country's 30-year government bond auction on August 4 experienced a split—a market signal indicating weak demand. The weighted average yield settled at 4.519%, with a bid-ask spread ranging from 4.480% to 4.520%. A total of 1.4 trillion Korean won

Citi maintained its forecast that the Bank of Korea will raise its benchmark interest rate on August 27, following July inflation data showing core consumer price index (CPI) rising 2.6% year-over-year. The July core CPI figure marked the highest level since December 2023, prompting Citi economist K

According to Citi, South Korea's core consumer price index (CPI) rose 2.6% year-over-year in July, the highest level since December 2023, prompting the bank to maintain its forecast that the Bank of Korea will raise its benchmark interest rate in August as well. The bank's economist Kim Jin-wook

According to Jin10 Data, on August 4, Atsushi Takeuchi, a former Bank of Japan official who participated in forex interventions over a decade ago, stated that Japan and the U.S. would 'definitely' conduct joint intervention again if the yen shows further weakness. Takeuchi emphasized that the

According to the Financial Investment Association of Korea, the credit-financed trading balance fell to 27.4 trillion won on August 3, marking the lowest level of 2026. The balance declined by 1.49 trillion won from the previous trading

According to Jin10, on August 4, the Bank of Japan said accelerating core inflation and underlying economic changes may be behind recent increases in long-term interest rates. In a report, the central bank noted that as it continues reducing Japanese government bond purchases, market functioning in

According to Jin10, four large options orders on EUR/USD and USD/JPY currency pairs, each worth over $1 billion per strike price, will expire at 22:00 Beijing time on August 4. Market participants are advised to manage risk exposure

According to Jin10 Futures, the CNEX liquidity sentiment index reported 46 as of 14:30 on August 4, down 1 point from 10:15. Among major banks, mid-sized banks, and non-bank institutions, sentiment indices stood at 45, 47, and 45 respectively, each down 1 point. (Scale: 0–100, with 50 as neutral;

Bank of Korea analysis shows offshore Non-Deliverable Forward (NDF) trading accounted for approximately one-third of the won/dollar exchange rate surge in March. According to a BOK blog post published on the 4th titled 'How Much Does NDF Affect the Won/Dollar Exchange Rate?', NDF net purchases

According to an analysis published by the Bank of Korea on August 4, non-deliverable forward (NDF) contracts accounted for approximately one-third of the Korean won's sharp appreciation against the U.S. dollar in March 2026. The central bank found that NDF net purchases contributed around 26 won to

Japan's Ministry of Finance conducted a 10-year government bond auction on the 4th that showed weakened investor demand, with the bid-to-cover ratio falling to 2.56 times, below both the prior auction's 3.13 times and the recent 12-month average of 3.3 times. Investor caution stems from

According to Yonhap Infomax, the Japan Ministry of Finance held a 10-year government bond auction on August 4, with a bidding-to-allotted ratio of 2.56 times, falling below both the prior auction's 3.13 times and the 12-month average of 3.3 times. The tail, the spread between average and minimum all

On August 4, Federal Reserve Vice Chair Michael S. Williams expressed optimism that inflation pressures would gradually ease, adding that the Fed would take action if inflation fails to return to its 2% target as expected. Meanwhile, Bank of Japan account data indicated Japan likely spent

According to U.S. Treasury Secretary Scott Beesent and Japan's Finance Minister Katayama Satsuki, the U.S. and Japan jointly intervened in the forex market on July 31 to support the yen, which weakened from near 164 to 155.23 yen against the dollar overnight. Both officials reaffirmed their