DXY & Forex

The Chinese yuan strengthened to 6.7935 against the U.S. dollar at Beijing market close on July 9, up 58 pips from the previous trading day's official close and up 117 pips from the previous night session close.

According to economist Maruyama Yoshimasa of SMBC Nikko Securities, Japan's central bank is expected to raise rates again in October, based on the results of Thursday's branch heads meeting. Officials noted that despite tensions in the Middle East, production remains resilient with potential for

The Bank of Japan (BOJ) released its regional economic report (Sakura Report) finding that corporate capital investment remains robust amid expanding global artificial intelligence (AI) demand, while cost increases from labor and raw materials—particularly those linked to Middle East conflict—are

According to Yonhap Infomax, South Korean government bond futures shifted to gains on July 9 afternoon, with 10-year bond futures rising 5 points to 105.96, while 3-year futures declined 1 point to 103.11. The recovery followed a decline in international crude oil prices and falling U.S. Treasury

According to Jin10 on July 9, Sterling surged to a one-year high against the Euro and a three-week high against the U.S. Dollar, driven by rising market expectations for Bank of England rate hikes amid escalating U.S.-Iran tensions pushing oil prices higher. Monex Europe analysts noted that oil

According to Chris Turner, senior analyst at ING, expectations of a European Central Bank rate hike in September are supporting the euro on July 9. While U.S.-Iran tensions drove oil prices higher on Wednesday, the euro remained resilient as yield differentials narrowed in favor of the euro—euro

According to Jin10, on July 9 at 22:00 Beijing time, foreign exchange options including EUR, GBP, and JPY will expire. A total of 10 strike prices with notional values exceeding 1 billion each are set to

According to Yonhapinfomax, Japan's 10-year government bond yield reached 2.9017% on July 9 afternoon, marking the highest level since September 1996. The surge was driven by rising crude oil prices due to escalating U.S.-Iran military tensions, which increased inflation expectations and pushed bon

According to Jin10 Data, on July 9, the Bank of Japan's branch managers reported the economy remained robust despite geopolitical risks and rising oil prices, strengthening the case for near-term rate hikes. The BOJ noted that while supply chain disruptions and material shortages have pressured

The USD-JPY exchange rate declined 0.06% to 162.422 yen as of 2:01 PM on July 9 in Tokyo trading, according to Yonhap Infomax. The rate initially rose following escalated US-Iran tensions, as President Donald Trump stated the ceasefire based on a memorandum of understanding was 'over' and the US

According to Yonhapinfomax, the USD/JPY exchange rate fell 0.06% to 162.42 yen at 2:01 p.m. Tokyo time on July 9. Initial dollar strength following escalated US-Iran tensions, with President Trump stating on July 8 that a truce agreement with Iran

Japan's Chief Cabinet Secretary Minoru Kihara expressed the government's aim to gradually reduce the debt-to-GDP ratio to regain market confidence.

Korea Investment & Securities analysts predict the Bank of Korea will raise the base rate by 25 basis points with a unanimous vote at the Monetary Policy Committee meeting on July 16, citing continued strong growth and inflation remaining above target levels for a considerable period. The analysts a

According to analysts at Korea Investment & Securities, the Bank of Korea will unanimously raise its benchmark interest rate by 25 basis points at its monetary policy committee meeting on July 16. Analysts Choi Ji-wook and Moon Da-woon cited steady economic growth and inflation remaining above the c

UK government bond yields across all maturities declined by 4-6 basis points during early London trading on July 9.

Barclays raised South Korea's nominal GDP growth forecast to 18.4% for this year in a report released on the 9th, citing strong export price growth. The investment bank also revised the current account surplus projection upward from $266 billion to $345 billion. Economist Son Beom-ki attributed the

Japan's Ministry of Finance conducted a 5-year government bond auction on July 9, with demand exceeding both the previous auction and the 12-month average. The bid-to-cover ratio reached 3.43 times, surpassing the prior result of 3.11 times and the 12-month average of 3.35 times. The tail spread

According to Japan's Ministry of Finance, on July 9, the country's 5-year bond auction attracted higher demand than the previous auction and 12-month average, with a bid-to-cover ratio of 3.43 times, surpassing the prior month's 3.11 times and the 12-month average of 3.35 times. The 5-year yield

Bank of Korea will pilot a 24-hour won settlement system in September for foreign investors to support the currency's international standing and potential MSCI developed market index inclusion, the central bank reported to the National Assembly's Strategy and Finance Committee on the 9th. The new in

According to its business report submitted to the National Assembly on July 9, South Korea's central bank will launch a 24-hour won settlement system in September to support foreign investors. The system aims to eliminate timing gaps between forex trading and won settlement, enhancing the won's