DXY & Forex

Reuters, citing two officials, said Japan could officially announce a joint currency-rate action with the United States on August 3, and the action is still ongoing. Finance Minister Satsuki Katayama is expected to make a statement, and Atsushi Mimura, the chief foreign-exchange policy adviser to the Ministry of Finance, said the ministry is closely coordinating with and operating alongside the monetary-policy divisions. Bitcoin trades near $63,000, and yen volatility could spill over into risk

SK Hynix reduced its credit market investment to approximately 1 trillion won last week, marking a notable decline from its previous weekly investment scale of around 3 trillion won in credit instruments alone, according to bond industry sources. Market participants attribute the reduction to

FED Chair Kevin Warsh is reportedly considering cutting the number of FOMC meetings held each year (the current pace has been maintained at 8 meetings per year since 1981). He has asked FED officials to submit input. The related adjustment could be confirmed as early as before the September 15–16 meeting; the new rules are most likely to take effect in 2027. The remaining meetings in 2026 will still be held according to the established schedule. Warsh Looks to Cut Planned Annual FOMC Meetings: C

According to Jin10, on August 3, offshore Chinese yuan Hong Kong Interbank Offered Rates (CNH HIBOR) rose across most major tenors. One-year HIBOR climbed to 1.70455%, marking its highest level since July 20. Overnight HIBOR jumped 16 basis points to 1.30000%, while one-week HIBOR rose to 1.40273% a

Japan's 5-year government bond yield surged to an all-time high of 2.0640% on August 3, as markets bet on earlier rate hikes by the Bank of Japan (BOJ) following coordinated intervention by Tokyo and Washington in the currency market to support the yen. The 2-year yield, highly sensitive to BOJ

According to Yahoo Finance, on August 1, the Federal Reserve kept interest rates unchanged at 3.5%–3.75%, yet 30-year U.S. Treasury yields climbed 6 basis points to 5.27%, suggesting the bond market is handling monetary tightening that the Fed itself is delegating. Since Fed Chair Kevin Wash took

According to Guru Club, on August 3, SHIBOR rates showed mixed movements. Overnight SHIBOR rose 0.3 basis points to 1.4130%, while 7-day SHIBOR fell 2.2 basis points to 1.4310%. The 3-month SHIBOR remained flat at 1.4300%.

According to Robin Brooks, a former forex analyst at Goldman Sachs, the US-Japan currency intervention announced on August 2 will have limited effectiveness in reversing the yen's weakness. Brooks wrote on his blog that while the intervention may temporarily stabilize the currency, it fails to

Japan's Finance Minister Kamiyu Katayama stated on Monday he is ready to implement foreign exchange intervention measures without hesitation if needed. He declined to comment on speculation regarding intervention actions conducted on Monday.

Japanese Finance Minister Koji Katayama declined to comment today (Aug 3) on whether Japan conducted forex intervention.

According to Odaily, Arthur Hayes called for monitoring the Federal Reserve's H.4.1 report this week to confirm whether Japan's Ministry of Finance is using U.S. Treasury holdings for repo operations to obtain dollars, which it then sells to buy yen. If Treasury Secretary Scott Bessent increases

According to Yonhap Infomax, South Korean government bond futures showed mixed trading on August 3. The 3-year contract rose 1 tick to 103.24, while the 10-year fell 3 ticks to 105.79. Foreign investors net-bought 1,608 contracts of 3-year futures and 458 contracts of 10-year futures. U.S.

According to Jin10 Futures, the CFETS-NEX liquidity sentiment index declined to 50 as of 10:15 on August 3, down 1 point from earlier readings. By institution type, large banks reported 49, mid-size and small banks 51, and non-bank institutions 49, each declining 1 point. The index tracks market liq

JPMorgan strategist Tanase Junya (田瀨淳也) and others said in a report on August 3 that the U.S. Treasury’s “firepower” available for Forex intervention is more limited than previously thought. However, if highly unconventional funding and scheduling methods are adopted, in theory as much as about $187 billion could be mobilized. As of June, the U.S. Treasury’s Exchange Stabilization Fund (ESF) holds about €13 billion in assets and $25.5 billion in assets. Current Resources of the U.S. Treasury Exc

Fed Chair Kevin Warsh maintained silence on future monetary policy direction during a press conference held on the 29th following the Federal Open Market Committee (FOMC) meeting, adopting a strategy to let markets independently assess economic conditions rather than providing explicit guidance.