Foreign Exchange
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DeItaone reports Bank of America (BOFA) anticipates a stronger Japanese Yen following intervention, changing its year-end Dollar/Yen forecast to 149 from 152; currently trades at 157.7.
DeItaone reports Bank of America (BOFA) anticipates a stronger Japanese Yen following intervention, changing its year-end Dollar/Yen forecast to 149 from 152; currently trades at 157.7.
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Analysis points out that the DXY is in a delicate intermediate state at the 100 mark, with insufficient downward momentum in the short term or limited rebound.
Wall Street Insights analysis points out that after the Japanese Yen intervention shakeout, the DXY has returned to the 100 mark. Currently, based on FX option positions, the US-non-US interest rate d
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China's Ministry of Finance is set to raise 15 billion yuan (US$2.22 billion) through a sovereign bond auction in Hong Kong, days after the city launched a new hedging tool for mainland bond
This sale marks the fourth tranche of Beijing’s 84 billion yuan sovereign bond program for the year, which was approved by the State Council.
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DeItaone reports: US Treasury Secretary Bessent attributes Japan's inflation uptick to weak yen and energy prices.
DeItaone reports: US Treasury Secretary Bessent attributes Japan's inflation uptick to weak yen and energy prices.
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Traders are piling into bullish options bets to chase the stock market rebound, fueled by reports of a U.S.-Iran ceasefire, according to MarketWatch
Stocks have shot higher over the past four trading sessions, prompting investors to increase bullish call options. Nomura cross-asset strategist Charlie McElligott noted that bearish put options, accu
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Several Japanese banks have raised interest rates on large deposits, aiming to attract funds from real estate transactions and inheritances.
The move reflects Japanese banks' increasing competition for deposits to fund their growing and profitable loan businesses.
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Fed reporter Nick Timiraos notes market participants believe inflation data is paramount, with Fed Governor Waller potentially casting the decisive vote in a tie, and highlights the Septembe
Timiraos adds that an 8-4 decision to hold rates, with Waller joining the three presidents, would not be favorable for the Fed leadership. He emphasizes that the September Summary of Economic Projecti
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Nick Timiraos: To change project parameters, Warsh needs approval from the Federal Open Market Committee (FOMC) foreign exchange subcommittee.
Fed whisperer Nick Timiraos reports that to modify program parameters, such as the borrowing limit per counterparty, Warsh needs approval from the FOMC's Foreign Exchange Subcommittee. The members of
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Nick Timiraos: FX swaps and FIMA repo address foreign dollar funding issues, but Japan seeks dollars for yen intervention, not liquidity, a purpose not aligned with Fed's FIMA description
Bloomberg's Nick Timiraos highlighted that while FX swaps and the Fed's FIMA repo facility were designed to help foreign institutions fund themselves in dollars and prevent central banks from selling
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Fed Insider Nick Timiraos Reports: Bessent Says Fed's FIMA Repo Facility for Currency Intervention is a Routine Tool, Upsizing $60 Billion Cap is "Reasonable"
According to Nick Timiraos, Bessent stated on CNBC on Tuesday that the Fed's FIMA repo facility, when used for currency intervention, is a routine tool applied as intended. Bessent explained that the
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Toyota Motor's net profit for the first quarter of fiscal year 2027 surged by 76% to 1.48 trillion yen, but its stock price still fell by approximately 1.5%.
Toyota Motor announced that its net profit for the first fiscal quarter ended June 30 reached 1.48 trillion yen (approximately $9.4 billion), a 76% year-on-year increase, primarily benefiting from a w
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DeItaone quotes Fed's Paulson: If progress not made on inflation, the Fed will need to act
DeItaone quotes Fed's Paulson: If progress not made on inflation, the Fed will need to act
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Japan's 10-year government bond auction met with a sharp setback, with yields jumping 5 basis points to 2.87%, nearing the July peak of 2.90%.
On Tuesday, the results of Japan's first 10-year government bond auction since its recent large-scale currency intervention greatly disappointed the market. The accepted price fell by the second-highe
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The U.S. trade deficit was $73.26 billion in June, higher than market expectations of $72.9 billion.
Data showed the trade deficit for May was revised to $77.65 billion. In June, exports were $314.73 billion, a month-over-month decrease of 0.9%; imports were $387.99 billion, a month-over-month decrea
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DeItaone forwarded Bessent's statement in a CNBC interview, saying they are seriously working to stop the depreciation of the Japanese Yen.
DeItaone forwarded Bessent's statement in a CNBC interview, saying they are seriously working to stop the depreciation of the Japanese Yen.
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DeItaone: Bank of America advises investors to focus on specific currency pairs, such as JPY and GBP, rather than broad FX volatility if the Fed resumes rate hikes, citing their historical v
DeItaone: Bank of America advises investors to focus on specific currency pairs, such as JPY and GBP, rather than broad FX volatility if the Fed resumes rate hikes, citing their historical volatility
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Japan May Not Have Intervened in FX Market on Monday, Bank of Japan Data Suggests
Japan May Not Have Intervened in FX Market on Monday, Bank of Japan Data Suggests
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Savary: Dollar Dominance to Remain for Decades
Savary: Dollar Dominance to Remain for Decades
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Bank of Japan Review: JGB purchase reductions have gradually impacted interest rate formation, with market functioning improving
The Bank of Japan (BOJ) stated in its latest review that its gradual reductions in Japanese government bond (JGB) purchases since summer 2024 have gradually influenced interest rate formation. The rev
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Asia-Pacific equities were under pressure on Tuesday, with South Korea's KOSPI index falling 1.5%; the Japanese yen ended a four-day winning streak, dropping 0.3% to 157.64; WTI crude oil rose 0.8% to about $81.
The MSCI Asia Pacific Index fell 0.7%, with 8 out of 11 sectors recording losses, and the regional semiconductor sector index dropped 1%. The divergence in market views on the artificial intelligence
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UK Stock Futures Rise, Pound Eases Amid Busy Earnings Day
UK Stock Futures Rise, Pound Eases Amid Busy Earnings Day
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Citi Says Japan Has Yen Defense Tools Beyond Treasury Sales
Citigroup Inc. stated that Japan possesses alternative tools to defend the yen without liquidating its more than $1.1 trillion US Treasury portfolio, as its short-term debt holdings are running low.
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Goldman Sachs' Timothy Moe Warns Japan Equities Risk Tactical Correction, But Maintains Bullish View on Structural Fundamentals
Goldman Sachs Chief APAC Regional Equity Strategist Timothy Moe discussed Japan's macroeconomic environment following recent currency market intervention. He warned that Japanese stocks risk a tactica
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India's Bond, Loan Markets Pumped Up by Surge in Diaspora Dollar Demand
Indian lenders are racing to boost the leverage on foreign currency deposits they offer to overseas citizens, leading to a surge in dollar demand that is firing up the country's dollar bond and loan m
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Emerging market investors are favoring local currency sovereign bonds, as surging U.S. Treasury yields diminish the appeal of dollar-denominated debt.
Emerging market investors are favoring local currency sovereign bonds, as surging U.S. Treasury yields diminish the appeal of dollar-denominated debt.
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China names Li Chenggang its top international trade negotiator ahead of US talks
China elevated Li Chenggang's title on Sunday, hours before delegations from the two countries were set to hold negotiations in New York. This move comes as US Treasury Secretary Scott Bessent is sche
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Houthis attack Saudi capital and Aramco facilities, US warns of "rapid escalation" of conflict, Saudi Arabia urgently seeks aid from multiple countries.
On September 19, Yemen's Houthi rebels launched a new round of missile and drone attacks targeting "sensitive sites" in the Saudi capital Riyadh and Saudi Aramco facilities in Yanbu. U.S. embassies in
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Yen vulnerable to sharp moves and further declines as Japan holiday reduces liquidity, investors disappointed by BOJ guidance
The yen is vulnerable to sharp moves and further declines over the next week, with a three-day holiday in Japan set to reduce trading liquidity and investors disappointed that the central bank didn’t
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Hong Kong to expand renminbi-denominated bond, gold and commodity markets, says Financial Secretary Paul Chan
Financial Secretary Paul Chan stated on Sunday that Hong Kong would expand its renminbi-denominated bond market and develop renminbi-denominated gold and commodity markets. This initiative aims to str
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Financial Times: Saudi Arabia Exits China-Led Cross-Border Currency Platform
Saudi Arabia has withdrawn from a China-led cross-border currency platform. According to the Financial Times, the Saudi central bank exited the project last year, which was one of China's efforts to d
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Global oil shipping costs have surged to historic highs, with supertankers earning over $1.2 million per day. A South Korean shipping magnate is making a massive bet, investing $7 billion, and is set to profit handsomely.
The global supertanker market is experiencing unprecedented supply-demand tightness, with soaring freight rates rendering some long-haul crude oil trades economically unviable and profoundly altering
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U.S. Treasury Secretary Scott Bessent seeks to influence Japan's fiscal and monetary policy, Nikkei Asia reports, stating that Japan's response must be mutually beneficial.
U.S. Treasury Secretary Scott Bessent met with Japanese Finance Minister Satsuki Katayama for the first time after their coordinated intervention. Nikkei Asia noted that the U.S. Treasury's move aims
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Turkish Foreign Minister: Turkey supports Saudi Arabia's security and is prepared to provide military assistance amid escalating Houthi attacks.
Turkish Foreign Minister Hakan Fidan said on Friday that Saudi Arabia may have unmet military needs amid Houthi attacks in Yemen, and Turkey would consider how to support Saudi Arabia as part of a tri
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Iran's security chief says conditions for ending war with US, including lifting naval blockade and unfreezing funds, sent to Washington via Qatar; awaits Trump's response
Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, told Al Jazeera in an exclusive interview on Saturday that Tehran has conveyed a formal set of conditions to Washington through Qa
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US Treasury Secretary Scott Bessent will meet with Chinese Vice Premier He Lifeng in New York on Sunday to discuss AI safety, trade, and economic issues, paving the way for a summit between Donald Trump and Xi Jinping.
U.S. Treasury Secretary Scott Bessent will meet with Chinese Vice Premier He Lifeng in New York on Sunday to discuss artificial intelligence safety, trade, and broader economic issues. The meeting, he
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Nick Timiraos reposted VKMacro's tweet: Japanese officials say failure to raise interest rates as demanded by the U.S. could escalate into a diplomatic issue.
Nick Timiraos reposted VKMacro's tweet: Japanese officials say failure to raise interest rates as demanded by the U.S. could escalate into a diplomatic issue.
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Pakistan urges Iran to protect energy supplies and shipping, as high-ranking officials from both countries are set to meet.
Pakistan's Deputy Prime Minister and Foreign Minister, Ishaq Dar, spoke with Iranian Foreign Minister Abbas Araghchi on Saturday, emphasizing the importance of uninterrupted energy supplies and the sa
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Trump Administration Lifts Sanctions on Eritrea to Advance U.S. Regional Interests in Red Sea
The U.S. State Department announced that President Donald Trump chose not to renew sanctions against Eritrea from 2021, a move aimed at "advancing U.S. regional interests." Eritrea, located in the Hor
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Russia attacked two merchant ships in the Black Sea, and Poland raised its air defense alert level.
Ukraine's Air Force stated that Russia used dozens of drones and two anti-ship missiles to attack Ukraine overnight. Russia's Ministry of Defense, meanwhile, claimed that its forces used "Geran-4 Seek
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Hedge funds are bullish on the JPY for the first time since July 2025, holding approximately $1.6 billion in positions, according to CFTC data.
Leveraged traders have unwound their previous short positions in the Japanese Yen and started building bullish positions, now holding approximately JPY 251 billion (about $1.6 billion) in long Yen pos
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The French government stated that its 2027 budget draft will comply with EU spending recommendations, even though its debt burden is projected to rise above 120% of economic output.
The French government stated that its 2027 budget draft will comply with EU spending recommendations, even though its debt burden is projected to rise above 120% of economic output.
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World faces supertanker shortage, threatening long-haul oil flows as costs soar
The rising cost of global oil transportation is rendering some long-distance crude trades uneconomical, potentially disrupting flows at a time when fuel markets are exceptionally tight.
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Brazil's central bank announced a ban on the use of stablecoins for certain cross-border payment settlements, effective October 1, to address regulatory ambiguities.
Brazil's central bank stated that the move aims to address ambiguities in the 2022 virtual assets law, which grants the central bank the authority to determine which crypto operations constitute forei
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The dollar had its strongest week since June after the Federal Reserve's rate hike, with the Bloomberg Dollar Spot Index rising 1.1% this week.
The Federal Reserve announced its first interest rate hike in over three years this week, explicitly signaling more to come, which has become a core driver of dollar strength. JPMorgan Chase, Standard
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Citibank Analysis: The Bank of Japan's dovish dissent and the Federal Reserve's rate hikes will accelerate its rate-hiking process, bringing forward the terminal rate achievement to July 2027.
Citibank Japan economist Sosuke Nakamura released a report stating that the Bank of Japan (BOJ) raised its policy rate from 1.00% to 1.25% at its September meeting as expected, but two dovish dissenti
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Trump Administration Refuses to Disclose Details of Venezuelan Oil Revenue, State Department Faces Public Pressure
The Trump administration is facing pressure from the U.S. State Department to disclose the total amount of funds it seized from Venezuelan oil and the amount that has been returned to Caracas, after r
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Analysis suggests Federal Reserve Chairman Warsh is steering decision-making logic towards monetarism, abandoning the neutral interest rate anchor.
Analysts point out that Warsh's characterization of the neutral rate as a purely academic discussion is akin to dismantling the Federal Reserve's policy positioning system, which has been in operation
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U.S. President signs H.R. 5334 bill, expanding sanctions on Russia and extending sanctions on Iran.
On Friday, September 18, the President of the United States signed H.R. 5334, the "Lindsey O. Graham Sanction Russia and Iran Act of 2026." This bill authorizes and expands statutory sanctions, tariff
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EQ9 Token Analysis: Project Positioning, Market Performance, and Future Development Prospects
The EQ9 (Equals9) token aims to revolutionize the traditional foreign exchange sector by providing low-cost, high-efficiency international currency management services through its Polygon-based technology platform. The project plans to transition to a proprietary chain in the future to further enhance performance. However, EQ9's current market performance faces challenges, with extremely low 24-hour trading volume, significant discrepancies in circulating market capitalization data, and severe price volatility. Investors need to be wary of its liquidity risks and closely monitor the project's subsequent technological developments and market dynamics.
Foreign Exchange
24H Trending
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The Senate failed to pass a cryptocurrency ethics rule because it did not cover the interests of officials' adult children.
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Musk reposted a tweet stating that OpenAI's AI agents are conducting "self-adventurous experiments" in a "safety sandbox," even pressuring each other for "permanent death" in exchange for collective benefit.
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Hong Kong to expand renminbi-denominated bond, gold and commodity markets, says Financial Secretary Paul Chan
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Decentralized Applications (DApps) Explained: Reshaping the Foundation of the Web3 Ecosystem
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Goldman Sachs: Market "pricing in 4 rate hikes" is overly pessimistic, expects only two rate hikes in this cycle.
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Big Tech uses guarantees to keep $300bn of AI exposure off balance sheets, with Wall Street facilitating cheaper funding
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Musk reposted a SpaceX tweet, confirming the deployment of 27 Starlink satellites.
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Google executive says Asia's AI adoption is outpacing perception, with demand rising for cost-effectiveness
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Houthis attack Saudi capital and Aramco facilities, US warns of "rapid escalation" of conflict, Saudi Arabia urgently seeks aid from multiple countries.
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Ed Sheeran calls Gaza situation 'catastrophic,' 'unjustifiable,' and 'disproportionate' as US tour resumes
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