Foreign Exchange
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The Wall Street Journal: Bond markets stabilize, oil prices fall, and markets are on alert for JPY intervention after US Treasury Secretary Scott Bessent stated that Tokyo would take measures to support the Japanese Yen.
The bond market stabilized today, with government bond yields slightly lower and global government bonds also trending stable, the Wall Street Journal reported. Oil prices are falling, and US stock fu
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BBVA: Carry Trade Funding May Shift From Yen to Yuan
BBVA SA says the Chinese yuan’s appeal may grow as an alternative to the yen for carry trades if the Bank of Japan makes further interest-rate hikes as widely expected.
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The Japanese Yen surged to a three-week high of 157.63 against the US Dollar, as markets remained vigilant for potential intervention by Japanese authorities. Brent crude oil fell over 1% on the day to $94.67 per barrel after Donald Trump downplayed the likelihood of a prolonged conflict between the US and Iran.
The Japanese Yen strengthened against the US Dollar for a second consecutive trading day, rising to 157.63 at one point and hitting a three-week high, fueling speculation that Japanese authorities mig
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USD/JPY fell 1.44% intraday, now at 156.5068.
USD/JPY fell 1.44% intraday, now at 156.5068.
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Malaysia Extends Rate Pause, Drops ‘Appropriate’ Language
Malaysia's central bank kept its key interest rate unchanged, citing the economy's continued modest inflation and rapid growth. The bank also tweaked its monetary policy statement by removing a refere
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EUR/JPY falls 0.7% intraday to 182.5540.
EUR/JPY falls 0.7% intraday to 182.5540.
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The Philippines is reconsidering its plan to issue a large five-year bond later this month due to high inflation and a weak peso.
The Philippines is reconsidering its plan to issue a large five-year bond later this month due to high inflation and a weak peso.
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NGN/USD: Naira Set for Strongest Annual Gain Since 2018 Despite Elections
Nigeria’s currency is headed for its best performance in almost a decade, as analysts attribute rising dollar inflows from higher oil prices and remittances to insulating the naira from political risk
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India’s Rupee Gains as RBI Measures Bring in Bumper $136 Billion, Far Exceeding Expectations and Boosting Its War Chest to Defend the Currency.
India’s Rupee Gains as RBI Measures Bring in Bumper $136 Billion, Far Exceeding Expectations and Boosting Its War Chest to Defend the Currency.
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USD/JPY is down 0.71% today, currently trading at 157.6665.
USD/JPY is down 0.71% today, currently trading at 157.6665.
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Japan's 10-year government bond yield rose above 3% on Tuesday, reaching a nearly 30-year high, as US Treasury Secretary Scott Bessent warned of risks from the unwinding of yen carry trades.
Japan's 10-year government bond yield rose above 3% on Tuesday for the first time since September 1996. This move, coupled with the continued weakening of the Japanese Yen and rising expectations of a
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Yen Traders Brace for Holiday Intervention Risk Around BOJ's Upcoming Policy Meeting
Yen traders are on heightened alert for possible intervention around the Bank of Japan’s upcoming policy meeting, with a three-day holiday following the decision offering authorities an opportunity to
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South Korean stocks opened 1.33% higher on Thursday before paring gains to 0.57%, as oil prices retreated after Donald Trump downplayed the conflict with Iran.
South Korea's KOSPI index opened 1.33% higher on Thursday, then pared gains to trade at 6600.4 points, up 0.57%, as of 9:15 AM. This followed a rally on Wall Street overnight, after US President Donal
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Analysts Say Dollar Debasement Favors Singapore's Currency
Analysts say the Singapore dollar is tracking the US currency in an inverse direction more closely than any other in Asia, positioning it for stronger gains in the region if the “dollar debasement tra
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Bloomberg Analysis: Global Pension Funds and Insurers' High Dollar Exposure Lacks Hedging, Risks Steeper Dollar Declines
According to Bloomberg, a review of filings from pension funds and insurers worldwide shows that some of the biggest holders of US assets have insufficient protection against a weaker dollar. This lea
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South Korea's foreign reserves rose by a record $14.33 billion in August to $442.28 billion, marking the largest monthly gain since 1971.
South Korea's foreign reserves rose by a record $14.33 billion in August to $442.28 billion, marking the largest monthly gain since 1971.
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The Bank of Canada maintained its benchmark interest rate at 2.25% for the seventh consecutive time, warning of potential consequences from a trade war with the United States.
The Bank of Canada on Wednesday kept its benchmark interest rate unchanged at 2.25% for the seventh consecutive time but warned of potential consequences from the trade war with the United States.
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The Bank of Canada maintained its interest rate at 2.25% for the seventh consecutive time but warned that tariff wars pose an upside risk to inflation. 63% of analysts are betting on a rate hike in the first half of 2027.
The Bank of Canada (BoC) maintained its overnight rate at 2.25% for the seventh consecutive meeting on September 2. In its statement, the central bank noted that the evolution of the economy and infla
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Brazilian Stocks Outperform Nasdaq Year-to-Date, Options Trading Surges
The iShares MSCI Brazil ETF (EWZ) is up 19% year-to-date, surpassing the Nasdaq-100's 15% gain. Options volume for EWZ surged to more than six times its 30-day average on Wednesday, with traders placi
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Big Japanese banks are rethinking their mortgage strategies as rising interest rates make corporate loans more lucrative
Big Japanese banks are rethinking their mortgage strategies as rising interest rates make corporate loans more lucrative
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Goldman Sachs remains overweight equities for next 12 months, underweighting credit
Goldman Sachs maintains its overweight position on equities for the next 12 months, while underweighting credit, citing increasing late-cycle risks. The bank expects solid earnings, resilient but slow
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Iran's currency drops to a record low of over 2.2 million rials to the U.S. dollar, according to tracking websites
Iran's currency drops to a record low of over 2.2 million rials to the U.S. dollar, according to tracking websites
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Senegalese bonds are facing a sell-off as investors fear losses from debt restructuring.
Investors, who previously hoped Senegal would avoid a debt default, are now changing their strategy, selling off short-term bonds and anticipating future losses.
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China's Xi urges new Middle East security framework during rare Egypt visit, opposing external interference amid US-Israel war on Iran
Chinese President Xi Jinping, during his first visit to Cairo in a decade, called on Middle East countries to oppose external influence and consider reshaping the region’s security order. His remarks
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Option Traders Bet Korean Won’s Asia-Leading Rally Has Further to Run
The premium for one-month options betting on a stronger won (relative to the dollar) narrowed for a third day on Wednesday, indicating growing expectations for further won strength.
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BNP Paribas Asset Management is shorting offshore RMB interest rate swaps to hedge its long positions in emerging market bonds.
James McAlevey, head of global aggregate and absolute return at BNP Paribas Asset Management, said the firm has been shorting offshore RMB interest rate swaps to hedge its bullish bets on emerging mar
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Palestinian Americans meet US lawmakers to demand policy shift as Trump administration reportedly seeks $2.8bn military aid for Israel
More than 300 Palestinian American constituents from across the country met with over 100 US lawmakers' offices on Tuesday, advocating for a shift in US policy towards Israel and Palestine. The advoca
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Options traders are increasing their hedges against a shallower Federal Reserve hiking cycle than the market anticipates.
Bloomberg Markets reports that options traders are hedging against the possibility that the Federal Reserve's rate hikes might be smaller than currently priced in by the market.
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Donald Trump stated at the UN General Assembly that the United States would use its power to confront enemies, prohibit communism, and reject global control.
Former U.S. President Donald Trump, speaking at the 81st United Nations General Assembly, emphasized that under American leadership, the United States is stronger than ever before. He stated that the
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EU to lift sanctions on Russian oligarchs Mikhail Fridman and Alisher Usmanov
The move comes as part of a deal to extend the bloc’s curbs for three years, with the two individuals being removed from the sanctions list.
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Iranian President Pezeshkian arrives in New York for UNGA, to address US 'war on Iran' and seek resolution
Iranian President Masoud Pezeshkian and his delegation arrived in New York for the United Nations General Assembly (UNGA), where he is scheduled to address the 193-member assembly on Wednesday. Pezesh
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The Wall Street Journal: Xi-Biden Meeting Not Expected to Yield Major Agreements, Will Focus on Trade Truce, AI, and Rare Earths
The Wall Street Journal reported that Chinese President Xi Jinping is unlikely to lead a delegation of Chinese corporate CEOs to Washington this week, lowering expectations for a major business deal b
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Payward's Reap plans to launch a non-USD stablecoin for 24/7 cross-border FX settlement.
Reap, a fintech platform and a principal issuing member of Visa, is preparing to integrate Mexican peso stablecoins into its card, cross-border payment, and treasury management products. The company i
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Donald Trump will meet with leaders of the Gulf Cooperation Council (GCC) on Tuesday during the UN General Assembly to discuss the Iran conflict and shipping issues in the Strait of Hormuz.
The meeting comes as the US-Israel conflict with Iran continues for nearly seven months, with the Strait of Hormuz remaining closed and triggering a global energy crisis. Donald Trump stated that he i
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Argentine President Milei's US Trade Deal Threatened by Demands for Better Terms
Argentine President Milei's US Trade Deal Threatened by Demands for Better Terms
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US Treasury Secretary Bessent warns companies against servicing Iranian airlines, effective Wednesday, as China calls measures "illegal"
US Treasury Secretary Scott Bessent announced that all Iranian airlines could be shut out of international operations from Wednesday, September 23, warning companies globally against providing service
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Rubio says he is open to meeting with Iran at the UN, according to NBC News
Rubio says he is open to meeting with Iran at the UN, according to NBC News
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Iran hints at potential reopening of the Strait of Hormuz within 7 days if the US eases military pressure; WTI crude falls to $89.
According to multiple reports citing a senior Iranian official, Iran could reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts the port blockade. Follo
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Hong Kong regulators to provide details on new offshore yuan strategy on Wednesday
Hong Kong's banking and securities regulators are set to provide further details on Wednesday regarding a new phase of offshore yuan development, following recent meetings in Beijing and the city's un
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Goldman Sachs analysts say Turkish investors are primarily moving funds withdrawn during the redemption crisis into Lira deposits.
Goldman Sachs Group analysts stated that Turkish investors, who withdrew funds from money market funds during the redemption crisis, likely transferred most of their savings into lira deposits.
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Two oil tankers were attacked in the Strait of Hormuz, after Iran claimed to have received intelligence that the US was planning new attacks.
The UK Maritime Trade Operations agency reported on Monday that two oil tankers were attacked in the Strait of Hormuz. This came a day after Iran stated it had received intelligence that the United St
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USD/KRW fell 1.49% intraday, now trading at 1,355.0136.
USD/KRW fell 1.49% intraday, now trading at 1,355.0136.
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European Central Bank (ECB) Chief Economist Philip R. Lane expects energy shocks to persist longer, with inflation potentially higher and more prolonged, targeting mid-2027.
Philip R. Lane, Chief Economist of the European Central Bank (ECB), stated in an interview with Le Temps that after a second wave of energy price increases, the energy shock is expected to last longer
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FT: Yen carry trade faces risks as Japan's central bank tightens monetary policy
The Financial Times reports that investors who leveraged the yen for higher yields may be forced into a sell-off of those positions as Japan's central bank tightens monetary policy.
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RBNZ Warns Near-Term Inflation May Beat Estimates, Adding to Signs of Another Rate Hike as Soon as October
RBNZ Warns Near-Term Inflation May Beat Estimates, Adding to Signs of Another Rate Hike as Soon as October
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USD/KRW fell 1.09% intraday, now at 1,360.5442.
USD/KRW fell 1.09% intraday, now at 1,360.5442.
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The Trump-Xi summit is being held this week and is expected to extend the trade truce and discuss Iran.
China's Foreign Ministry confirmed on Monday that Chinese President Xi Jinping will visit the United States from Wednesday to Friday for a summit with US President Donald Trump. The two sides are expe
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Bank of Canada Governor Tiff Macklem warns: New US tariffs could push Q4 economic growth below 1%, high oil prices exacerbate inflation.
Bank of Canada Governor Tiff Macklem stated on Monday that a new round of U.S. tariffs could prompt businesses to delay investment and hiring, causing Canada's fourth-quarter economic growth to "rough
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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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Russia launched a massive attack on Ukraine, killing at least 3 people and cutting power to nearly 100,000 residents in the Chernihiv region.
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Goldman Sachs analysts say Turkish investors are primarily moving funds withdrawn during the redemption crisis into Lira deposits.
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LIC reportedly leads bidding in NSE's $2.4 billion India IPO
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US lithium recycler R3 Lithium eyes Vietnam battery business, in talks with auto, electronics firms and government
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Two oil tankers were attacked in the Strait of Hormuz, after Iran claimed to have received intelligence that the US was planning new attacks.
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Natural gas is up 5.96% today, currently trading at $3.005.
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Jefferies: Meta AI agent Muse goes viral, AI PCB market size expected to reach $73 billion by 2030, ABF substrate to reach $30 billion.
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South Korea's antitrust regulator opens preliminary review of Uber's planned $13.7B acquisition of Delivery Hero
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Spot Bitcoin ETFs attracted nearly $1 billion in inflows on Monday, marking their largest single-day inflow since October 6, 2025, and the ninth largest inflow ever.
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Bitcoin ETF flows fluctuate, price breaks $85,000: What does the second half of the bull run hold?
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