foreign exchange

JPY

2026-09-10 08:24:48

USD/JPY Breaks Below 155 on a Third Test, Putting the Yen Carry Trade Thesis Under Pressure

USD/JPY fell through 155 on Sept. 7 after previously holding the area twice following intervention-linked defenses, then traded below 154.50 early on Sept. 8. In the source article by Stephen Innes, the move matters less as a one-day fluctuation and more because repeated defenses had turned 155 into a crowded line in the market, with positions, conviction, and stop-loss orders built around the assumption that the floor would hold again. Once that structure gave way, the unwind itself became part of the move. The article points to several forces lining up behind the yen. U.S. Treasury Secretary Scott Bessent has taken a firmer tone on Japan’s fiscal and monetary stance, saying Japan should move away from reflation and that the Japanese government and the Bank of Japan are likely to take steps that ultimately strengthen the yen. At the same time, BOJ Governor Kazuo Ueda kept Sept. 17-18 in play for rate discussions, while board member Hajime Takata argued for flexibility on hikes. Speculation around possible portfolio changes at Japan’s Government Pension Investment Fund, which manages about JPY 300 trillion, has also returned. On the dollar side, a solid August U.S. payrolls report failed to generate much follow-through, leaving CPI as the key near-term test for the Federal Reserve.

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KiiChain

2026-09-09 10:45:31

KiiChain partners with two Colombian banks to expand its 24/7 FX network in Latin America

KiiChain said it has entered partnerships with two major financial institutions in Colombia as it looks to expand its institutional foreign exchange and settlement business across Latin America. The counterparties are Financiera Juriscoop, a regulated financial institution with more than 40 years of history, and Banco Agrario de Colombia, the state-owned agricultural bank. KiiChain will serve as the infrastructure provider for 24/7 foreign exchange and settlement services. In its work with Juriscoop, the company plans to bring Colombian peso institutional liquidity into its FX corridor, with the two sides targeting as much as $10 million in daily volume after the integration is scaled. Co-founder and CEO Danyel Arenas said the partnerships with Juriscoop and Banco Agrario form a base for broader integration with a wider banking network. KiiChain also said it has processed more than $500 million in volume so far. The update was carried by Techub News and attributed to BeInCrypto.

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Gate

2026-09-08 01:00:03

Gate data shows USD/JPY at 153.79 as gold and silver post intraday gains

Gate’s latest market data showed a mixed session across precious metals, foreign exchange, equity indexes, and energy. Gold rose to $4,426.98 per ounce, up 0.51% on the day, while silver climbed to $66.704 per ounce, marking a 1.7% intraday gain. In FX, USD/CNH slipped 0.02% to 6.70725, and USD/JPY fell 0.36% to 153.79. European equity benchmarks were modestly higher, with the Euro Stoxx 50 at 6,396.29, the UK100 at 10,819.2, and the GER40 at 26,015.3. In commodities, WTI crude eased 0.24% to $92.72 per barrel, and Brent crude edged down 0.06% to $98.23 per barrel. Gate also said users can trade traditional financial market products directly on its platform, including precious metals, FX, global stock CFDs, major indexes, and commodities, through fully integrated features on its app and web platform.

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Bank of Korea

2026-09-07 08:07:41

Bank of Korea study says stablecoin demand may spill into FX markets as Taiwan and South Korea watch digital dollarization risks

A new Bank of Korea study argues that demand for dollar-backed stablecoins can move beyond crypto trading and show up in traditional foreign-exchange markets once global exchanges add fiat-to-stablecoin pairs. The paper, released on Sept. 3 and based on fiat/stablecoin listings on Binance, finds that stronger stablecoin premiums and buyer-initiated order flow are significantly associated with depreciation in the local currencies tied to those pairs. The mechanism described by the central bank is straightforward: if investors buy large amounts of USDT or USDC with local currency, market makers end up holding that currency and may hedge by selling it in the FX market and buying dollars. The Bank of Korea said South Korea has not yet seen an equally significant direct effect on the won because there is no corresponding KRW fiat pair on Binance, though it warned the linkage could strengthen as corporate, offshore and market-making participation deepens. The report has drawn attention as the stablecoin sector approaches $300 billion. CoinGecko data cited in the article shows total stablecoin market capitalization at about $291 billion as of Sept. 7, with USDT at roughly $183.4 billion and USDC at about $74.5 billion. The article also notes that Taiwan’s central bank has issued similar warnings and that Taiwan’s Virtual Asset Service Act, published on July 22, 2026, formally brought stablecoins under legal regulation.

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BiFu

2026-09-03 03:43:10

BiFu pitches one-account access to gold and FX as crypto traders look beyond digital assets

A Foresight article argues that more crypto traders are paying attention to gold and foreign exchange as macro drivers increasingly move digital assets and traditional markets at the same time. The piece points to gold’s sharp 2026 swing — from a record $5,589 per ounce on Jan. 28 to below $4,000 on June 24, its first break of that level since November 2025, according to data cited from Reuters and Bloomberg — as a sign that major opportunities are no longer confined to crypto. The report says BiFu is trying to lower the barrier for crypto-native users to trade traditional products through BiNet, its network for connecting asset classes under a unified account structure. Under that setup, users can trade BTC contracts and instruments such as XAU/USD from the same account without moving funds across separate platforms. The article also says FX and commodities on BiFu are offered as CFDs, with margin trading and long-short functionality. Foresight frames the pitch around three use cases: hedging crypto exposure around Federal Reserve decisions, rotating into gold when crypto markets go sideways, and turning macro views on the dollar or rates into direct positions in FX or gold. It adds that a previous gold-themed trading campaign on the platform attracted about 3 million USDT in cumulative participation.

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Bank of Japan

2026-09-03 03:02:31

Traders brace for possible yen intervention ahead of Bank of Japan decision and Silver Week holiday

Currency traders are watching closely for a possible round of Japanese intervention in the foreign exchange market as the Bank of Japan approaches its policy decision. The timing has drawn extra attention because the announcement will be followed by a three-day holiday, a period when thinner liquidity could make intervention easier to execute and harder for markets to absorb. The yen extended Wednesday’s gains into Thursday, reflecting nervous positioning ahead of the BOJ’s Sept. 18 meeting, where markets widely expect a rate hike. Investors are also looking back to April, when Japanese authorities waited until a domestic holiday period to carry out their first intervention of 2024. That precedent is feeding speculation that officials could use the upcoming Silver Week break in a similar way. Commonwealth Bank of Australia strategist Carol Kong said the holiday could add uncertainty to yen moves because market liquidity may fall even more, while a renewed test of prior intervention levels in USD/JPY around the BOJ meeting would raise the odds of official action.

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Kalshi

2026-09-01 23:44:36

Kalshi Seeks Approval for Perpetual Futures on FX and Interest Rates, Andy Ross Says

Kalshi has submitted a new filing seeking permission to list perpetual futures tied to foreign exchange and interest rates, according to Andy Ross, the exchange’s head of institutional. Ross disclosed the move on Monday’s episode of Bits + Bips, saying the submission was made the same day. As of Tuesday afternoon, the filing had not yet appeared on the Commodity Futures Trading Commission’s public docket, though previous Kalshi perpetual submissions also took several days to show up publicly. If approved, the move would extend Kalshi’s regulated perpetual futures lineup beyond crypto and commodities into two much larger underlying markets. Kalshi’s push into perpetuals has broadened steadily since the CFTC approved its bitcoin contract in late May, followed shortly by ether and XRP. The exchange later filed for perpetuals tied to gold, silver, platinum, copper, and the US500 benchmark linked to the MerQube US Large Cap Index. Ross said the gold perpetual is close to launch. He also argued that leverage remains constrained by the regulated framework, with caps varying by underlying volatility. In support of Kalshi’s broader regulatory case, Ross pointed to a calibration study covering 2.2 million data points, saying market prices tracked real-world outcomes even when weekly volume was only about $50,000 to $60,000.

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Japan

2026-09-01 02:14:55

Japan Finance Minister: Coordinated FX Action Confirmed with US Treasury Secretary Bessent

On September 1, Japan's Finance Minister Katayama Satsuki said he had confirmed with U.S. Treasury Secretary Bessent that coordinated foreign exchange action would continue. Reported by BlockBeats, citing Jinshi.

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