Topic: #forex
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Japan and US execute first coordinated yen intervention since 2011
Japan and the US conducted their first joint currency intervention since 2011 on July 31, deploying roughly $53 billion in yen purchases as USD/JPY exceeded 160, pushing the yen to 40-year lows. The move signals shifting market dynamics and heightened volatility for traders.
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South Korea Raises FX Thresholds to Boost Won's Global Role
South Korea raised thresholds for overseas remittances and foreign borrowing while extending currency services to more firms, aiming to increase the won's use in international trade and finance.
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South Korea launches 24-hour won-dollar trading for developed-market status
South Korea began continuous KRW/USD trading on July 6, 2026, extending forex access from weekday-only hours to roughly 6 a.m. Monday through 6 a.m. Saturday. The move addresses MSCI's currency-control concerns and could unlock billions in passive index inflows if the country achieves developed-market classification.
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Japan Shifts Forex Intervention to Target Speculators, Not Yen Levels
Japan deployed $73.6 billion in forex interventions between April and May 2026, marking its largest monthly campaign in two years. The government has signaled a strategic shift toward preventing speculative volatility rather than defending any specific exchange rate level.