Markets News

Japan and South Korea sold US dollars to support their own currencies, causing the US dollar index to plummet. The opportunity was right there!

Japan and South Korea sold US dollars to support their own currencies, causing the US dollar index to plummet. The opportunity was right there!

· The Japanese government and the Bank of Japan intervened in the exchange rate by buying yen and selling US dollars, while the US monetary authorities also conducted a "currency check" as a pre-intervention phase. This news is bullish for the yen and bearish for the US dollar. · South Korean foreign exchange authorities intervened in the dollar market on Thursday with a rare sell-off. This news is bullish for the Korean won and bearish for the US dollar. · Apple's revenue from Greater China and services fell short of expectations in the third fiscal quarter, and revenue guidance also missed forecasts. This news is negative for Apple.

TOPONE Markets Analyst
2026-07-31 08:31:07
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