1. The Bank of Japan voted 8-1 to keep interest rates unchanged, but will raise rates depending on the situation. 2. The USD/JPY pair briefly fell more than 400 points, with Japanese media suggesting a coordinated intervention by Japan and the US.

2026-07-31

1. The Bank of Japan voted 8-1 to keep interest rates unchanged, but will raise rates depending on the situation. 2. The USD/JPY pair briefly fell more than 400 points, with Japanese media suggesting a coordinated intervention by Japan and the US. 3. South Korean foreign exchange authorities reportedly intervened by selling dollars on Thursday, a rare occurrence, leading traders to suspect a coordinated intervention by Japan and South Korea. 4. South Korean Vice Finance Minister: Close coordination with the US, Japan, and other major countries in the foreign exchange market. 5. Japan's top foreign exchange official, Jun Mimura: Received support from the US beyond just words. 6. US Treasury Secretary Bessenter: Japan may have intervened in the foreign exchange market earlier on Thursday (Eastern Time). 7. Reports indicate that Korean exchanges are considering a temporary ban on short selling; sources responded that this is currently only a discussion. 8. Sanae Takaichi plans to reduce Japan's food consumption tax to 1% for two years. 9. US initial jobless claims last week rose less than expected. 10. US June PCE unexpectedly turned negative, indicating a cooling in core inflation. 11. Bank of England Governor Bailey: A second round of inflation cannot be ruled out; further interest rate hikes may be necessary. 12. Eurozone GDP grew 1% year-on-year and 0.4% quarter-on-quarter in the second quarter, both exceeding market expectations.