DXY & Forex

According to Seoul Bond Market, South Korea's benchmark 3-year government bond yield declined 5.6bp to 3.684% on the morning of August 5, marking the lowest level since June 30. The drop followed a sharp decline in international crude oil prices and rate cuts by major central banks including Japan a

The Bank of Japan released minutes from its June 15-16 monetary policy meeting on the 5th, revealing that most committee members assessed upside risks to inflation due to persistent logistics impacts from Middle East tensions. Members identified concerns that high oil

China's overnight SHIBOR rate fell to 1.3604%, declining 0.56 basis points. The 7-day SHIBOR dropped 1.1 basis points to 1.3770%, while the 3-month rate held steady at 1.4300%.

According to its June policy meeting minutes released on August 5, the Bank of Japan (BOJ) raised its benchmark rate to 1.0%, the highest in 31 years, with most board members citing persistent inflation risks. The committee noted that higher crude oil prices and currency fluctuations continue to

According to Yonhapnews, SK Hynix, a major institutional buyer in South Korea's credit bond market, faces a declining pool of investment opportunities as companies reduce corporate bond issuance due to rising interest rates. Data released by South Korea's Financial Services Commission shows that co

According to Yonhap Infomax, the dollar-to-won exchange rate fell to 1,428.10 won on August 5, down 4.40 won from the previous day's close of 1,432.50 won, supported by U.S. Treasury Secretary Scott Bessent's comments on currency stability and foreign investor stock purchases. Bessent stated in a

The Nikkei 225 index rose 1,737.11 points, or 2.72%, to 65,694.64 at 9:17 AM, while the TOPIX index gained 60.12 points, or 1.52%, to 4,021.90. Japanese stocks opened higher following overnight gains in US markets, where the Dow Jones and S&P 500 reached record closing highs and the Philadelphia

According to Japan's Chief Cabinet Secretary Manabu Kihara, the government and Bank of Japan are in close communication at multiple levels regarding economic and financial trends.

Japan's Chief Cabinet Secretary Mikio Kihara declined to comment on remarks regarding the yen and reiterated that monetary policy decisions should rest with the Bank of Japan. Kihara stated he expects the BOJ to continue pursuing its 2% inflation

According to Yonhap Infomax, SK Hynix is preparing to invest in South Korean government bonds, with market sources expecting the investment to begin in October or November 2026, as reported on August 5. The chipmaker has been studying the bidding structure for government bond purchases through a

According to BNY Mellon on August 4, U.S. Treasury borrowing needs for the third quarter (July-September) have surged to $671 billion, up $68 billion from prior estimates. The firm's strategists John Velis and Dave Tam said recent rises in long-term yields are not driven by inflation expectations, b

According to Jin10, China's Ministry of Finance issued 150 billion yuan (CNY) in government bonds in Hong Kong on Aug 5. The issuance is the fourth batch of bonds for 2026.

According to Foresight News, Wells Fargo will launch tokenized deposit services later this year for select corporate and commercial clients. The service will initially enable 24/7 USD to GBP trading on the bank's proprietary blockchain, with features including round-the-clock settlement and

U.S. Treasury Secretary Scott Bessent said on CNBC on Aug. 4 that he supports using and expanding the Federal Reserve’s Foreign and International Monetary Authorities Repo Facility (FIMA Repo Facility) for foreign exchange market intervention involving the Japanese yen. Wall Street Journal reporter Nick Timiraos, known as “the Fed’s mouthpiece,” disputed this on X, saying that FIMA is not a foreign exchange intervention tool. Treasury Secretary’s Specific Claims: FIMA’s Function and Adjusting th

Bitcoin (BTC) remains weak on its rebound, trading at around $63,950 as of August 5. The CLARITY Act has been shelved over ethical concerns arising from the massive losses suffered by investors in Trump’s memecoin, TRUMP, and senators have asked the U.S. SEC to investigate it. Ethereum researchers proposed burning validator rewards and halting net reward issuance when the staking rate reaches 50%. Macro Events & Crypto Hotspots CoinDesk reported that U.S. Democratic Senators Elizabeth Warren and

Korean securities firms issued diverging forecasts on the USD-KRW exchange rate after it fell 135.20 won to 1,424.00 won on the 31st of last month. The rate peaked at 1,559.20 won on the 1st of last month. The drop stemmed from SK Hynix ADR fund conversion, World Government Bond Index (WGBI)

According to the People's Bank of China (PBOC), the central bank conducted 5 billion yuan of 7-day reverse repo operations today (August 5). The operating rate was set at 1.40%, matching the previous level. Bid volume and settlement volume both reached 5 billion yuan.

On August 5, the Chinese yuan's central parity rate adjusted against major currencies on the interbank foreign exchange market. The dollar-yuan fell 28 pips to 6.7889, while the euro-yuan rose 73 pips to 7.8059. The Australian dollar-yuan climbed 275 pips to 4.7694, and the British pound-yuan

According to Business Insider, the United States and Japan conducted joint intervention in the foreign exchange market on August 4 for the first time in approximately 30 years. The dollar-yen exchange rate declined from around 164 yen immediately before the intervention to 157 yen, strengthening the