DXY & Forex

According to traders, hedge funds sold USD/JPY on Monday (August 4) following comments from U.S. Treasury Secretary Bessent, who indicated the U.S. would not hesitate to conduct further yen interventions. Japan's Finance Minister Katayama Sakatsuki reiterated that the U.S. had previously stated the

China's central bank conducted 6.3 billion yuan in 7-day reverse repos today (August 3) at 1.40% interest rate, and 300 billion yuan in overnight reverse repos. With 925.5 billion yuan in existing reverse repos maturing today, the operations resulted in a net liquidity withdrawal of 562.5 billion yu

China's central bank, the People's Bank of China (PBOC), conducted a 63 billion yuan 7-day reverse repurchase agreement operation today (August 3). The operation received bids totaling 63 billion yuan and achieved full subscription at an operation rate of 1.40%.

According to China's Interbank Foreign Exchange Market, the USD/CNY midpoint rate reached 6.7898 on August 3, up 4 points (CNY depreciation). EUR/CNY rose 182 points to 7.8068, while JPY/CNY jumped 695 points to 4.2898. GBP/CNY climbed 245 points to 9.1227, and AUD/CNY gained 167 points to 4.7608.

Seoul Foreign Exchange Market Council held a discussion on December 30 at Royal Hotel Seoul to establish new trading practices ahead of the January 2026 introduction of Time-Weighted Average Price (TWAP) for dollar-won exchange rates. The meeting gathered FX traders from domestic

According to the Seoul Foreign Exchange Market Operating Committee (SFEMOC), market participants held a discussion on August 3 to establish new trading practices for the time-weighted average rate (TWAP) system ahead of its January 1, 2027 launch. The new TWAP, based on 4 p.m. pricing, will

According to interbank market data, China's benchmark government bond yields fell across the board during early trading on August 3. The 30-year ultra-long special government bond yield declined 1 basis point to 2.1750%, while the 10-year government bond yield dropped 0.3 basis point to 1.6980%,

According to Jin10, the CFETS-NEX RMB funding sentiment index rose to 51 as of 08:45 on August 3, up 2 points from 16:00 yesterday. Large banks, mid-size banks, and non-bank institutions reported indices of 50, 52, and 50 respectively, each up 2 points. On a scale of 0 to 100, 50 indicates

South Korea's government announced on August 3rd the reform of the Korea Investment Corporation (KIC) into a comprehensive sovereign wealth fund capable of domestic strategic investment, with emphasis on strengthening independence. The reform establishes a separate strategic investment account

According to the South Korean government on August 3, Korea Investment Corporation (KIC) will be restructured from a savings-focused fund into a comprehensive sovereign wealth fund with enhanced independence for strategic domestic

According to Yonhap Infomax, South Korea's benchmark KOSPI index surged 1,001.89 points to 6,595.45 today, while the KOSDAQ rose 74.98 points to 719.76. In the U.S., major indices also advanced, with the Dow Jones climbing 276.97 points to 52,485.03, the S&P 500 gaining 52.09 points to 7,489.72,

According to Guru Club, the Japanese yen strengthened against the U.S. dollar on August 3, with USD/JPY breaking above the 156 level during the trading session, up approximately 1% intraday.

According to Jin10, the U.S. dollar fell sharply against the Japanese yen on August 3, dropping 170 pips in 15 minutes to break below the 156 level for the first time since May 6. USD/JPY declined more than 1% during the

According to Guru Club, JPY/USD surged over 100 pips on August 3, hitting a daily high of 156.39.

According to China Foreign Exchange Trade System (CFETS), the Chinese yuan exchange rate index fell 0.56 to 102.19 on a weekly basis on July 31.

The USD/JPY exchange rate declined 100 pips intraday, currently trading at 156.65.

JPMorgan Chase advanced its forecast for the next Federal Reserve rate hike to December 2026, moving it up from the previously expected second half of 2027. The bank forecasted that policy rates would then remain in the 3.75%-4.0% range, while noting that a September hike poses a risk if inflation r

According to Yonhapinfomax, Korean retail investors returned to buying U.S. stocks and bonds in July, with stock purchases reaching a 6-month high and bond purchases hitting an 11-month high. The surge was driven by concentrated demand for leveraged U.S. tech ETFs, with Nasdaq-100 3x leverage ETF (S

According to JPMorgan Chase on August 3, the U.S. Treasury Department has limited liquidity resources to coordinate further currency intervention with Japan. As of June, the Treasury's Exchange Stabilization Fund held approximately $13 billion in euro-denominated assets and $25.5 billion in U.S.

China's central bank will have 1.842 trillion yuan in short-term reverse repurchase agreements expiring this week (Aug 3-7, 2026). Additionally, 300 billion yuan in 3-month reverse repos are due to mature on Wednesday. The central bank previously announced it will conduct 300 billion yuan in