DXY & Forex

South Korean government bond yields rose on the morning of the 6th, with the 3-year benchmark yield climbing 1.8 basis points to 3.695% as of 11:09 AM. The 10-year yield advanced 0.1 basis point to 4.156%, while the 30-year yield declined 0.7 basis points to 4.509%, according to the Seoul bond

BofA revised its Japanese yen forecast on the 5th (local time), significantly raising yen value projections following recent joint foreign exchange market intervention by US and Japanese authorities and the Bank of Japan's (BOJ) hawkish moves. The bank lowered its USD/JPY forecast for Q3 this year f

According to The Wall Street Journal, President Trump has called Federal Reserve Chair Kevin Warsh repeatedly since May, reaching out in bursts before going quiet for stretches. The calls have centered on how the Iran war and artificial intelligence are affecting the economy, though interest rates h

According to Bank of America's August 5 report, the bank raised its USD/JPY forecasts for Q3 to 153 (from 154) and Q4 to 149 (from 152), reflecting recent U.S.-Japan joint foreign exchange intervention and the Bank of Japan's hawkish stance. BofA projects the yen will appreciate approximately 6%

International Finance Center analysts Jo Eun and Choi Seong-rak projected the dollar index will show gradual strength through year-end, driven by US relative growth advantage and AI-related investment expansion. The analysts stated in their August 6 report that while major investment banks' dollar

The Korean won strengthened 0.7% to 1,414.55 per U.S. dollar, marking its highest level since October, amid selling pressure from Korean exporters on the greenback.

Woori Financial Research Institute predicted on August 6 that the Bank of Korea will decide on a 'hawkish freeze' at its Monetary Policy Board meeting on August 27. The institute expects the base rate to remain at the current 2.75%, citing the need to monitor July rate hike effects, downward

According to Jin10, DBS Bank's chief executive officer stated that the bank does not expect the Federal Reserve to raise interest rates in 2026, but will adjust trading positions based on market expectations.

According to Jin10 data, on August 6, the one-week offshore Chinese yuan Hong Kong interbank offered rate (CNH HIBOR) dipped to 1.41803%, breaking away from its two-week high. The overnight CNH HIBOR fell 2 basis points to 1.27879%, while the two-week

The Chief Executive Officer of DBS Bank stated that the bank does not expect the U.S. Federal Reserve to raise interest rates for the remainder of 2026. However, the CEO added that the bank will adjust its trading strategy based on evolving market

MUFG senior foreign exchange analyst Michael Wan forecasted in a report published local time the 5th that the Korean won would benefit most among Asian currencies if the Japanese yen continues its strengthening trend, followed by the Thai baht, Singapore dollar, and Philippine peso. The forecast is

Japan's 30-year government bond auction saw competitive bids of 3.86 times today, down from 4.55 times in July, indicating softer demand for the longer-dated debt.

MUFG senior FX analyst Michael Wan stated in a report on the 5th (local time) that the Korean won would be the biggest beneficiary among Asian currencies if the Japanese yen continues to strengthen. The forecast is based on conditional beta and correlation indicator analysis that controls for

International credit rating agency Fitch stated that further appreciation of the Japanese yen requires additional interest rate hikes by the Bank of Japan (BOJ). On the 5th (local time), Fitch reported that the dollar-yen exchange rate fell to the year-end forecast level of 156 yen per dollar

According to a report by Michael Wan, senior foreign exchange analyst at Mitsubishi UFJ Financial Group (MUFG), released on August 5, the South Korean won would benefit most among Asian currencies if the Japanese yen continues its uptrend. MUFG's analysis ranked the won first, followed by Thai

Bank of America CEO Brian Moynihan forecasts the Federal Reserve will raise interest rates three times in September, November, and December to control inflation. In a CNBC interview on the 5th, Moynihan stated the Fed could adjust its outlook if inflation data continues to come in better than

According to Fitch on August 5, the yen requires additional Bank of Japan rate hikes to sustain further gains against the dollar, even as recent joint U.S.-Japan currency market intervention has brought dollar-yen exchange rates to the August forecast level of 156 yen per dollar. The rating agency n

US stock index futures showed mixed performance in Asian trading on the morning session, with the S&P500 futures edging up 0.05% to 7,758.00 as of 9:50 AM while Nasdaq100 futures declined 0.19% to 29,556.75, following the Dow Jones Industrial Average's record high close in the previous session.

Foreign investors' net purchases of 3-year Korean treasury futures reached approximately 119,000 contracts as of August 5, marking the largest accumulation since mid-January, according to bond market data. The buying intensified after the Bank of Korea's July 16 monetary policy meeting, with