Hot spot tracking

  • 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.

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