DXY & Forex

The Federal Reserve may raise interest rates in September to restore market credibility after losing trust at the recent Federal Open Market Committee meeting, according to Bank of America analysis. BofA stated in a report that the paradoxical need to rebuild credibility increases the likelihood of

According to a consensus of multiple financial institutions, the Bank of Japan is expected to hold interest rates unchanged at this week's policy decision, with October emerging as the most likely timing for the next rate increase. Deutsche Bank, Reuters, JPMorgan Chase, and other analysts noted

According to Gate data, the US dollar strengthened against the Japanese yen on July 31, rising 0.65% to 160.535. Meanwhile, gold prices declined to 4,094.83 USD per ounce, down 0.26% intraday, while silver prices rose to 58.849 USD per ounce,

Foreign investors net sold 3.9331 trillion won of Korean won-denominated bonds over 7 consecutive trading days from the 22nd to the 30th, according to Yonhap Infomax data released on the 31st. The selling spree marks the first 7-day consecutive outflow since January 2023. Market participants

China's central bank conducted reverse repurchase operations today, injecting a net 45 billion yuan into the money market. The operations included 134 billion yuan in 7-day reverse repos at 1.40% interest (unchanged from the previous operation) and 600 billion yuan in overnight reverse repos,

According to Yonhapinfomax, foreign investors sold approximately 3.93 trillion won of Korean government bonds over 7 consecutive trading days from July 22–30, marking the first such streak since January 2023. The liquidation was driven by a sharp decline in the Korean won exchange rate, which

According to Jin10, on July 31, the Chinese yuan's central parity rate weakened against the US dollar to 6.7894, up 2 points. The euro strengthened to 7.7886, up 273 points. The Hong Kong dollar weakened to 0.86559, down 1.4 points. The British pound appreciated to 9.0982, up 527 points. The

According to a Yonhapinfomax survey of 12 domestic bond market experts on July 31, South Korea's 3-year government bond yields are expected to reach 3.83% in August, while 10-year yields are forecast at 4.31%. The consensus reflects concerns that the Bank of Korea may continue raising benchmark

According to Fox Business Network, U.S. Treasury Secretary Scott Bessent commented yesterday (July 30) that the Japanese yen appears significantly undervalued despite Japan's strong economic fundamentals and popular prime minister. Bessent stated he does not oppose the yen strengthening against the

According to ING, Japanese authorities intervened in the foreign exchange market overnight on July 30, pushing the USD/JPY exchange rate below 160 yen. ING estimated the intervention at approximately $70 billion, comparable to Japan's previous intervention in late April when authorities conducted a

The U.S. Bureau of Economic Analysis (BEA) released on July 31 that June personal consumption expenditures (PCE) inflation rose 3.7% year over year, down from 4.1% in May, matching market expectations. Supported by cooling PCE inflation data, Bitcoin (BTC) rebounded to above $65,000, rising nearly 2% over the day. At the Federal Open Market Committee (FOMC) meeting the previous day, the Federal Reserve (Fed) kept interest rates unchanged for the fifth consecutive time. U.S. June PCE data: Year-o

According to The Block, Project Agorá, led by the Bank for International Settlements (BIS), completed a live cross-border payment test with tokenized central bank reserves and commercial bank deposits. Five central banks and 28 commercial banks participated, including JPMorgan Chase, Citibank,

Japanese stocks opened sharply higher as of 9:17 AM, with the Nikkei 225 index rising 2,485.88 points (4.02%) to 64,353.31. The rally was driven by overnight gains in US markets, where Microsoft surged over 15% on strong second-quarter earnings, lifting the Philadelphia Semiconductor Index 8.19%.

According to Zhao Lian's Chief Economist Dong Ximiao, cited by Jin10, China's central bank is expected to cut reserve requirement ratios and lower policy rates in the third quarter of 2026. The economist forecasts potential policy rate cuts of 10 to 20 basis points if economic momentum weakens in th

Japan's government launched large-scale market intervention to defend the yen on the evening of July 30, while South Korean FX authorities are believed to have simultaneously acted to support the won at a similar time. The coordinated response addresses recent weakness in both currencies, with USD-J

Japan's most senior foreign exchange official Junichi Mimura stated recently that contacts regarding foreign exchange policy are not limited to the United States, signaling a broader multilateral approach to currency

The US Federal Reserve on Wednesday 29th maintained its federal funds rate in the 3.5% to 3.75% range, marking the fifth consecutive hold this year, with a 115-word statement that was the shortest in nearly 20 years. The decision saw three dissenting votes favoring a 0.25% increase, contrasting with

According to BlockBeats, on July 31, U.S. Q2 core PCE inflation cooled yesterday, triggering a sharp market rebound as rate-hike expectations fell. Microsoft's better-than-expected earnings, combined with the end of AI fund deleveraging pressure, sparked a tech and momentum stock rally. The S&P 500

Japan's retail sales declined to ¥13.019 trillion in June from ¥13.447 trillion in May, marking a month-on-month decrease of approximately 3.2%.

Japan's retail sales dropped 4.1% month-over-month in June, falling short of the expected decline of 1.6% and reversing the previous month's growth of 1.9%.