DXY & Forex

The United States and Japan conducted a coordinated currency market intervention on the 31st (local time) to defend the yen's value, marking the first such joint action in approximately 30 years. The dollar-yen exchange rate, which had risen to the mid-160 yen range early in the New York session, re

According to Yonhap Infomax and Nikkei newspaper, on August 1, the U.S. Federal Reserve and Bank of Japan executed their first coordinated currency intervention in approximately 30 years to defend the yen. The USD/JPY exchange rate fell from the mid-160 yen level to 157.2 yen following the intervent

According to Japan's Finance Ministry statement on Saturday (August 1), Japanese monetary authorities have multiple tools to meet market liquidity needs. These include discretionary use of the Federal Reserve's Foreign and International Monetary Authorities (FIMA) standing repo facility, which

According to the Federal Reserve's FOMC decision on July 28-29, the central bank held its benchmark interest rate at 3.50%-3.75% for the fifth consecutive meeting, with a 9-to-3 vote. Minneapolis Fed President Neel Kashkari, Cleveland Fed President Beth Hammack, and Dallas Fed President Lorie

According to Today News, dollar-denominated insurance sales in South Korea have surged as the KRW-USD exchange rate remains elevated. Consumers are increasingly purchasing dollar insurance in hopes of capturing currency gains. However, industry analysts caution that insurance products should not

According to Reuters, on Friday, August 1, the U.S. Treasury intervened in the yen, marking the first time in nearly 30 years that the U.S. and Japan have jointly supported the currency through direct purchasing operations. A photograph taken at an open media session of a Trump cabinet meeting at

The USD/KRW exchange rate climbed to the mid-1,430 won range on the morning of the 1st, reversing sharp gains in the Korean won that followed coordinated foreign exchange market interventions by South Korea and Japan. The won weakened broadly as CBS reported that the United States and Israel could s

According to Yonhapinfomax, the USD/KRW exchange rate rose to 1,435.50 won on August 1, up 11.50 won from the previous close of 1,424.00 won, following coordinated intervention by U.S., Japanese, and South Korean authorities in forex markets. The Bank of Japan held its benchmark interest rate at 1.0

According to Bloomberg, Japan intervened in foreign exchange markets on Friday, continuing efforts to support the yen.

According to the Financial Times, St. Louis Federal Reserve President Musalem warned yesterday (August 1) that the ongoing U.S. debt selloff sends a warning signal to the Federal Reserve's credibility.

South Korea's trade balance for July came in at $32.32 billion in its initial reading, exceeding forecasts of $29.59 billion. The previous month's figure was revised to $36.088 billion from an initially reported $36.149 billion.

KB Securities analyst Ahn Jae-kyun stated that South Korea's 10-year to 3-year government bond yield curve is expected to flatten, considering the potential for tightening at the August Bank of Korea (BOK) Monetary Policy Committee meeting and concerns over 2-3 year bond issuance. The Ministry of

According to KB Securities, analyst Ahn Jae-kyun released a report on August 1 forecasting that South Korea's 10-year to 3-year government bond yield curve will flatten following the August monetary policy meeting. The Ministry of Economy and Finance announced on July 30 that competitive auction

The US Treasury notified multiple banks on May 31 that it may intervene in the yen market and instructed them to prepare for potential actions, according to informed sources cited by Reuters. The notification came as the dollar-yen exchange rate reached the mid-160 yen range during intraday

According to Reuters, the U.S. Treasury notified multiple banks on July 31 that it could intervene in the yen market and they should prepare for potential actions ahead. The notification was reportedly transmitted through the Federal Reserve Bank of New York, which acts on behalf of the Treasury in

On July 31, Colombia's central bank announced a plan to accumulate up to $4 billion in international reserves aimed at guiding the Colombian peso down from seven-year highs. Central Bank Governor Leonardo Villar made the announcement following a decision to hold interest rates unchanged. The

Three Federal Reserve officials issued statements on the 31st explaining their dissent votes at this week's Federal Open Market Committee meeting, citing inflation concerns as US Treasury yields rose across maturities. The 10-year Treasury yield climbed 8.10 basis points to 4.7440% as of 3 PM

According to Yonhapinfomax, on July 31 (U.S. Eastern time), the 30-year U.S. Treasury yield reached 5.284% during intraday trading, marking its highest level since July 2007. The 10-year yield rose to approximately 4.74%, also hitting its highest point since January 2025. Federal Reserve

According to CFTC data as of July 28, non-commercial traders' bullish USD bets rose to $49.23 billion, the highest level since 2014. Leveraged funds also increased short positions in the yen to near 2007 highs, added euro shorts to 2020 highs, and increased Canadian dollar shorts to approximately