DXY & Forex

Korean stock markets are facing renewed concerns about yen carry trade unwinding risks similar to the August 5, 2024 circuit breaker event, when KOSPI plunged 8.8% and KOSDAQ fell over 11% following Nikkei's 12.4% crash. The Bank of Japan raised its benchmark rate to 1.0% from 0.75% last month,

According to Einfomax, Japan's 10-year government bond yield surged to 2.90% on July 9, reaching its highest level in approximately 30 years since September 1996. The surge coincides with growing concerns about potential yen carry trade unwinding, as Japan's Bank of Japan (BOJ) raised its

According to Japan's Finance Minister Katagiri Koyuki, on July 10, the yen rebounded 0.7% to 161.29 against the U.S. dollar after the minister urged pension funds to increase domestic asset allocation. However, some investors questioned the sustainability of the yen's gains, citing ongoing

According to Cheung of Oversea Chinese Banking Corp Research, Japanese government bonds rallied in the Tokyo session on July 10 amid prospects of increased fund inflows. The 10-year yield fell 10 basis points to 2.775%, while the 20-year yield declined 11.5 basis points to 3.750%. Japan's Finance

SWIFT announced the launch of a blockchain-based ledger enabling 24/7 global interbank transactions using tokenized deposits. Seventeen banks from six continents, including BNP Paribas, Citi, HSBC, Itaú Unibanco, Lloyds Bank, MUFG Bank, Standard Chartered, UBS, and Wells Fargo, will begin pilot

South Korean government bond yields declined across all maturities on the morning of the 10th, with long-term bonds leading the decline in a bull flattening move. The 3-year benchmark Korea Treasury Bond (KTB) yield fell 1.1 basis points to 3.769%, while the 10-year yield dropped 2.0bp to 4.242%

According to Kalshi prediction market traders, the probability of a Federal Reserve rate hike in 2026 stands at 54% as of July 10, down slightly from 56% the previous day. Traders also forecast a 62% chance of a hike before July 2027 and an approximately 80% probability

Moon Ji-seong, Vice Minister for International Economic Affairs at South Korea's Ministry of Finance and Economy, stated on the 10th that the current exchange rate level deviates from fundamentals and identified multiple variables that could reverse the downward trend. In an interview with Yonhap In

According to South Korea's Vice Minister of Economy and Finance Moon Ji-sung on July 10, current won exchange rates remain disconnected from fundamental values, though the gap is expected to narrow as economic supply data shifts in the second half of 2026. Moon told Yonhapinfomax that market

According to Yonhap Infomax, the Korean won strengthened against the U.S. dollar on July 10, with the USD/KRW rate falling to 1,505.50 as of 11:12 a.m. Seoul time, down 0.60 won from the previous close of 1,506.10 won. The currency retreated after South Korea's Deputy Minister for International

According to the National Bank of Kazakhstan, the country's net foreign exchange and gold reserves declined to $60.161 billion in June, down 7.8% compared to the previous month.

According to Jin10 Data, on July 10, offshore yuan Hong Kong Interbank Offered Rates (CNH HIBOR) showed mixed movements on Friday. The one-week HIBOR fell to 1.45000%, reaching its lowest level since June 16. The overnight HIBOR remained flat at 1.42848%, while the two-week HIBOR rose slightly to 1.

US stock index futures declined in Asian market trading on the morning of the 10th despite strength in semiconductor stocks, with E-mini S&P500 futures down 0.14% to 7,577.75 and E-mini Nasdaq100 futures falling 0.32% to 29,841.50 as of 10:09 AM Korean time. The decline reflected profit-taking

According to market sources, Japan's cabinet will decide on July 21 regarding the 'honebuto' (Japan's economic and fiscal policy framework).

According to Yonhap Infomax, South Korea's central bank reported reserve requirement increases totaling 6.7250 trillion won on July 10, driven primarily by fiscal appropriations (3.5 trillion won from the Ministry of Education and other sources) and maturing foreign currency bonds worth 1.1750 trill

According to Yonhapinfomax, the USD-KRW exchange rate traded at 1,510.60 Korean won on the morning of July 10, up 4.50 won from the previous day's close of 1,506.10 won. Market participants are monitoring Middle East geopolitical tensions following renewed military exchanges between the U.S. and

According to Jin10, on Friday July 10, South Korea's finance ministry official Moon Ji-sung warned that the USD/KRW exchange rate remains misaligned with economic fundamentals and that the government has sufficient room to stabilize markets if necessary. The official expects supply-demand

Roberto Perilli, System Open Market Account (SOMA) Manager at the Federal Reserve Bank of New York, stated on July 9 (local time) that the Fed's Reserve Management Purchases (RMP) policy execution is 'not on a fixed path.' Speaking at a New York Fed conference, Perilli emphasized that RMP 'can be

According to Yonhapinfomax, South Korean government bond futures declined on July 10 as market caution ahead of the Bank of Korea's monetary policy decision next week weighed on investor sentiment. The 3-year government bond futures fell 4 basis points to 103.05, while the 10-year contract

According to Roberto Perli, SOMA Manager at the New York Federal Reserve, on July 9 the Federal Reserve's FOMC statement attachment added the phrase "When Appropriate" to its reserve management purchases