DXY & Forex

According to Bank of England Chief Economist Piers, the monetary policy committee has not shifted toward interest rate hikes as of July 31.

The USD-KRW exchange rate fell 6.00 won to 1,431.40 won as of 6:22 PM on May 31, driven by sudden yen strength. The pair briefly dropped to 1,426.30 won at 5:57 PM following suspected intervention by Japan's forex authorities, which sold dollars and pushed USD-JPY from 160.1 yen to 158.5 yen. The

According to the Bank of England's July market participants survey, the median expectation for quantitative tightening in the October 2026–September 2027 period stands at £50 billion, unchanged from June's

According to a Bank of England survey, market participants expect quantitative tightening in 2026/27 to be distributed across 43% short-term gilts, 41% medium-term gilts, and 16% long-term gilts.

The won-dollar exchange rate fell 141 won (9%) within one month. SK Hynix's American Depositary Receipt (ADR) listing capital flowed into the domestic foreign exchange market, and foreign investors turned net buyers of

According to analysis of Bank of Japan account data, Japanese authorities intervened in foreign exchange markets on Thursday, July 31, injecting approximately $52.8 billion to strengthen the yen. The intervention scale is estimated at around 8.45 trillion yen, based on BOJ account figures released

Japan's Finance Minister Katsunobu Kato declined to comment on speculation regarding foreign exchange market intervention on Friday. The statement came as markets monitored potential policy responses amid currency

The Japanese Ministry of Finance did not conduct any foreign exchange intervention during the period from June 29 to July 29.

According to Jin10 data on July 31, the U.S. dollar index is on track for its worst week in three months, with a projected decline of 1.2%, as markets question the Federal Reserve's ability to effectively control inflation. Despite a modest recovery on Friday, the index remains near its lowest

According to Yonhapinfomax, South Korea's interest rate swap (IRS) yields fell sharply on July 31. The 10-year IRS dropped 6.00 basis points, the 5-year fell 5.50 basis points, and the 1-year declined 3.25 basis points to 3.4125%. The decline was driven by overnight weakness in the dollar-won

According to Mitsubishi UFJ Bank analysts, on July 31, expectations of further Japanese government currency market intervention are limiting the yen's decline against the dollar. Following an apparent intervention on Thursday, the Japanese Finance Ministry typically executes a second round of interv

According to Yonhapinfomax, the USD-KRW exchange rate on July 31 initially plummeted to the mid-1,410 won range as Japanese authorities conducted large-scale yen purchases and Korean financial authorities implemented market stabilization measures at similar times. The rate later rebounded to 1,424 w

According to Gate data, USD/JPY rebounded to 159.0 intraday on July 31, trading at 158.796 with a 24-hour decline of 3.0%.

According to KB Kookmin Bank, the bank successfully conducted its first FX trades through the IPS Pro electronic trading platform on July 31, becoming the first domestic financial institution to execute such transactions. The trades involved Korean won

According to Yonhapinfomax, on July 31, South Korea's 1-year foreign exchange (FX) swap point rose 0.20 won to close at -12.30 won, while longer-dated tenors showed strength. The 6-month contract remained flat at -5.70 won, the 3-month rose 0.10 won to -2.35 won, and the 1-month gained 0.15 won to -

According to Jin10, USD/JPY rebounded on July 31, recovering to 159.43 after dropping to an intraday low of 158.53, a decline of over 150 pips. The currency pair recovered all losses with gains of approximately 0.04% during the day.

ECB governing council member Koehl said the ECB will make decisions in autumn based on latest economic data to bring eurozone inflation back to its 2% target sustainably.

According to Eurostat, Eurozone core consumer price inflation (excluding energy and food) declined to 0% in July on a month-over-month basis, down from 0.2% in the previous month.

Eurozone July CPI month-on-month initial reading came in at 0.2%, beating economist expectations of 0.10%. The prior month saw a reading of -0.10%.

Italy's July consumer price index (CPI) came in at 2.8% year-over-year, matching the median forecast. The reading represents a decline from the previous month's 3.0%, signaling easing price pressures.