Category forex

Dollar Surges To 40-Year High Against Yen

Yen falls to 40-year low near 162.75 per USD The yen hit a 40-year low near 162.75 per dollar as US Treasury yields jumped and traders lifted Fed September hike bets to 67% from 20.5% a month ago. The bigger driver remains the US side of the pair, with Treasury yiel

Japan FX Warnings Fall Short

Verbal intervention risk rises as USD/JPY breaks above 2024 high Japan's latest FX rhetoric flags intervention risk but stops short of signalling it is imminent. The dollar's strength against the yen has drawn fresh concern from Japanese policymakers. Finance Min

PBOC Poised to Fix USD/CNY Midpoint at 6.7795

China’s central bank sets the daily yuan reference rate, influencing onshore trading within a 2% band around the midpoint. The People’s Bank of China is set to fix the USD/CNY reference rate at 6.7795, a key benchmark for the yuan’s daily trading range. The midpoint guides