Q2 2026 COFER Data: Yen reserve share declines; euro share rebounds.

Main pointsThe share of U.S. dollar reserves has edged down but remains above the fourth-quarter 2025 low. In both nominal terms and after valuation adjustments, the dollar's share in global foreign-

CSOPOct 1 17:45

FX Implications of Global Reflation: Central Bank Divergence Drives Exchange Rate Trends

Key TakeawaysIn the context of global reflation, the US dollar and high-yield currencies (such as the Australian dollar and Norwegian krone) are expected to outperform low-yield funding currencies (

CSOPSep 22 14:46

FX Macro Quant: More constructive on the US dollar, but not based on US growth exceptionalism

Key TakeawaysThe TEAM systematic framework has shifted to a moderately bullish stance on the US dollar. This shift is not based on US growth exceptionalism within the TEAM framework, but rather

CSOPSep 18 03:29

Expectations of a rate hike by the Bank of Japan are intensifying; J.P. Morgan Private Bank maintains a "neutral" view on the yen, forecasting it to hover around the 160 level.

Tang Yuxuan, Head of Asia Rates and FX Strategy at JPMorgan Private Bank, stated that as economic prospects across Asia increasingly diverge, the region’s foreign exchange market is also exhibiting more pronounced divergent trends. Differences in external balances, exposure to the AI investment cycle, policy credibility, and capital flows are driving Asian currencies along distinct trajectories. Tang pointed out, “Asian FX is increasingly showing signs of divergence rather than following a single regional theme.” With growing market focus on the Bank of Japan’s policy outlook, the bank maintains a “neutral” view on the yen, anticipating that Japanese authorities will prioritize exchange rate stability.

AASTOCKSSep 4 11:40

A 40 Trillion Debt Overhang! The U.S. Treasury Storm Sweeps the Globe: Can RMB Assets Serve as a Safe Haven? Understanding the Three Underlying Logics

Although the U.S. Treasury suddenly announced this Wednesday an expansion of long-term Treasury buybacks in an attempt to suppress long-term yields through a "borrow short, repay long" strategy, the effect lasted only one day. The yield on the U.S. 30-year Treasury bond rose again to 5.249%, approaching its previous high.

Securities TimesAug 23 15:18

Express News | China-Myanmar Joint Statement: Both sides will continue to deepen practical cooperation in areas such as minerals, the digital economy, and artificial intelligence.

The People's Republic of China and the Republic of the Union of Myanmar have issued a joint statement on accelerating the building of a China-Myanmar community with a shared future. The statement notes that both sides agree to further deepen practical cooperation in fields including minerals, the digital economy, and artificial intelligence to maximize economic complementarity. They also agreed to enhance cooperation in agriculture, forestry, and animal husbandry; streamline quarantine and market access procedures for high-quality agricultural products; and explore smart customs initiatives. Both sides agreed to strengthen collaboration in education, culture and tourism, health, youth affairs, media, and human resources training to foster mutual understanding between their peoples and support livelihood development in both countries. Recognizing the steady growth in bilateral trade, they affirmed the need to further expand its scale and diversify its composition. The two sides also agreed to implement a direct settlement mechanism between the renminbi and the kyat to facilitate trade and to support enhanced trade and investment cooperation in mutually beneficial sectors such as agricultural product processing, oil, and energy. (Xinhua News Agency)

BreakingsJun 17 21:31