DXY & Forex

According to Seoul bond market data, South Korea's 3-year government bond yield rose 2.0 basis points to 3.765% on July 6, while the 10-year yield fell 1.9 basis points to 4.176%, flattening the yield curve. The dollar-won exchange rate, which surged to 1,537.50 won in early trading, later

The ECB announced on the 6th that its T2 payment system experienced a temporary disruption but has returned to normal operations. The outage occurred during a non-optional maintenance period, delaying the opening of settlement windows for the euro (EUR) and Danish krone (DKK). T2 serves as core paym

According to Thailand's Commerce Ministry, Thailand's June consumer price index rose 2.42% year-on-year on Monday, down from 2.79% in May and below the market consensus of 2.7%. The easing inflation reinforces the central bank's view that near-term price increases are insufficient to justify

According to the European Central Bank, its Target 2 (T2) payment system experienced a temporary disruption early July 6 CET but has resumed normal operations. The system went down around 2:40 AM during non-optional maintenance and resumed at 3:12 AM, with settlement windows for euro (EUR) and

On July 6, Japan's 10-year government bond yield rose 3.5 basis points to 2.805%.

Japanese investment bank MUFG forecasts the Korean won will show gradual strength in the second half of the year, with the dollar-won exchange rate projected at 1,520 won in Q3 and 1,500 won in Q4. The forecast is driven by semiconductor-centered economic growth and anticipated Bank of Korea rate

According to Japanese investment bank MUFG on June 6, the Korean won is expected to strengthen gradually in the second half of 2026, with the dollar-won exchange rate forecasted at 1,520 won in Q3, declining to 1,500 won in Q4, and further falling to 1,480 won in Q1 2027 and 1,460 won in Q2 2027. MU

According to Jin10, Goldman Sachs on July 6 downgraded its one-year forecast for the Japanese yen to 165 per US dollar, down from its previous prediction of 155, positioning the bank as one of the most bearish on the currency. Data shows hedge fund short positions on the yen reached their highest

According to Jin10 Data, offshore Chinese yuan Hong Kong interbank offered rates (CNH HIBOR) declined on Monday, July 6. The one-year HIBOR dropped to 1.73333%, marking the lowest level since June 23, while overnight HIBOR fell 4 basis points to 1.43303%.

Brookings Institution researcher Robin Brooks published analysis on Substack on the 5th (local time) arguing that the Federal Reserve cannot meaningfully reduce its balance sheet without accepting higher long-term Treasury rates, casting doubt on potential Fed Chair Kevin Warsh's stated commitment t

According to Robin Brooks, a researcher at the Brookings Institution, the Federal Reserve is unlikely to meaningfully reduce its balance sheet, even as new Fed Chair Kevin Walsh has pledged to pursue quantitative tightening. In a Substack post on July 5, Brooks stated that "the Fed has no way to

Westpac forecasts the Reserve Bank of New Zealand (RBNZ) will hold its Official Cash Rate (OCR) at 2.25% at the July 8 monetary policy meeting. The Australian bank cited a sharp drop in international oil prices following Middle East ceasefire agreements, which significantly reduced inflation

According to Westpac's report released on July 6, the Reserve Bank of New Zealand (RBNZ) is expected to hold its official cash rate (OCR) steady at 2.25% at its monetary policy meeting on July 8. Westpac cited a significant decline in international oil prices following recent Middle East ceasefire a

Overnight Shibor was quoted at 1.3690% on July 6, unchanged from the previous day. The 7-day Shibor declined 0.6 basis points to 1.3900%, while the 3-month rate fell 0.05 basis points to 1.4345%.

According to Jin10, Japan's 10-year government bond yield rose to 2.79% on July 6, marking its sixth consecutive day of gains and approaching Friday's intraday peak of 2.81%. This level is the highest since October 1996. The sustained rally over the past month, particularly in longer-dated bonds,

According to Yonhapinfomax, the Korean won weakened against the US dollar on July 6 morning, trading at 1,533.90 at 9:23 a.m. KST, up 8.30 won from the previous close. The rally was driven by bargain-hunting inflows following a sharp decline on July 3, combined with the Japanese yen's weakness as

Japanese stocks rose on July 6, with the Nikkei 225 gaining 482.03 points (0.69%) to 70,226.10 as of 9:14 AM, driven by strength in select semiconductor stocks. The index recovered the 70,000 level after falling to 68,000 last week. Individual investors demonstrated bargain-hunting sentiment

South Korean government bond futures opened lower as the USD-KRW exchange rate rose for a second consecutive session, exerting downward pressure on the bond market. The 3-year bond futures contract fell 5 ticks to 103.01, while the 10-year contract dropped 19 ticks to 106.06 as of 9:12 AM. The

According to Yonhap Infomax, Japan's Nikkei 225 Index rose 482.03 points (0.69%) to 70,226.10 on July 6, recovering above the 70,000 level after declining to 68,000 last week. The TOPIX Index increased 24.85 points (0.61%) to 4,089.45. Semiconductor and artificial intelligence stocks led gains,

ING stated on the 6th that the possibility of Japanese foreign exchange authorities' market intervention remains high. The bank explained through a weekend post that Japanese authorities typically intervene during holidays and tend to spread interventions across multiple days. ING noted that the