DXY & Forex

According to Yonhapinfomax, the USD/JPY exchange rate traded at 163.052 yen on July 23, down 0.04% from the previous day. Japan's Finance Minister Katayama Satsuki reiterated strong resolve to counter further yen weakness if needed. Market expectations of faster-than-anticipated rate hikes by the

Citi forecasts the Bank of Korea will raise its benchmark interest rate by 25 basis points in August, following a July hike, according to a report released July 23 by Citi economist Kim Jin-wook. The projection follows strong second-quarter GDP and GDI growth data. Kim cited historical precedent

According to Citi economist Kim Jin-wook on July 23, the Bank of Korea is expected to raise its base rate by 25 basis points in August following a similar increase this month, driven by strong second-quarter GDP and GDI growth. Citi raised its 2026 nominal GDP growth forecast to 20.7% from 15.5%,

According to market surveys and central bank announcements on July 23, the European Central Bank is expected to hold interest rates steady today, with economists anticipating another rate hike in September. Separately, a Reuters survey shows 86% of economists expect the Bank of Japan to raise rates

According to Jin10, six major foreign exchange options with notional values exceeding 1 billion each are set to expire on July 23 at 22:00 Beijing time. The expiring options involve multiple currency pairs including EUR/USD, USD/CHF, AUD/USD, and GBP/USD, with multiple strike

According to Commerzbank strategist Rainer Guntermann, the euro zone government bond market may ease Thursday (July 23) as the European Central Bank is expected to hold rates unchanged and President Christine Lagarde has not pre-committed to a rate hike in September. Current money markets expect the

According to a Reuters survey covered by Jin10 on July 23, 86% of economists predict the Bank of Japan will raise interest rates before end-December, with a potential move as early as October. The central bank is expected to increase rates by 25 basis points to 1.25%, with ongoing hikes

According to Jin10, Denmark's Danske Bank highlighted rising market attention to 30-year U.S. Treasury yields, which have climbed to 5.15%, up 3 basis points and near 2-month highs. The increase reflects inflation pressures from escalating Middle East tensions, which pushed Brent crude oil close to

According to Seoul Foreign Exchange Brokerage, the Korean won weakened against the U.S. dollar on July 23, touching 1,460 won per dollar for the first time in about two and a half months. As of 2:18 p.m. local time, the KRW/USD rate stood at 1,468.25 won, down 9.05 won from the previous trading

According to Helaba analysts, rising energy prices amid heightened tensions in the Arabian Gulf are unlikely to satisfy central bankers, with the European Central Bank set to announce its monetary policy decision later today, July 23. While there are currently no clear signals of an imminent ECB

Gate News: According to the latest Gate TradFi data, USDCOP (US Dollar vs Colombia Peso) has dropped by 3.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

South Korea's National Pension Service (NPS) Fund Management Headquarters, which manages 1,600 trillion won in assets under management (AUM), is implementing stricter internal discipline measures following internal misconduct allegations. The foreign exchange operations team has recently minimized f

According to banking officials, South Korea's National Pension Fund (NPF) has recently reduced face-to-face meetings with external financial institutions, following internal audit concerns and transparency questions over its foreign exchange trading counterparty selection process. The NPF's FX

According to Jin10, a China-Chile Renminbi cross-border investment and financing conference was held on July 22 in Santiago, organized jointly by Bank of China and the China International Payment System. Over 100 officials and delegates from financial, government and business sectors of both

According to StoneX senior market analyst Matt Simpson, Australian dollar bullish momentum against the U.S. dollar is "obviously accumulating" on July 23, with AUD/USD returning above the 0.7000 level following a recent consolidation phase. The analyst noted that a significant wave low has formed on

On July 23 Beijing time, several key economic events are scheduled. Turkey's central bank will announce its interest rate decision at 19:00, followed by the European Central Bank's rate decision at 20:15, which will include the main refinancing rate, deposit facility rate, and marginal lending rate.

According to Yonhapinfomax, on July 23, South Korea's government bond yields edged higher as markets processed stronger-than-expected economic data. The three-year benchmark yield rose 0.3 basis points to 3.918%, while the 10-year yield climbed 0.3bp to 4.388%. The Bank of Korea announced

According to a Reuters survey compiled by Jin10, all 74 economists surveyed expect the European Central Bank to hold interest rates unchanged in July, with 52 of them forecasting at least one additional rate hike in 2026. Market consensus suggests September could be the next policy action window, wi

According to a Reuters survey, 70% of economists expect the Bank of Japan to raise interest rates to at least 1.50% by the second quarter of 2027. Among respondents, 51% believe 1.50% will be the terminal rate.

According to a Reuters survey, 58% of economists in Japan believe that rising Japanese government bond (JGB) yields will have a "very" or "somewhat" concerning impact on the nation's debt financing costs over the next 2-3