【环球财经】星展银行：美债收益率攀升或支撑美元反弹 日元面临财政风险考验

Group 1 - The report by DBS Group indicates that the recent decline of the US dollar may halt and potentially reverse due to rising long-term US Treasury yields and a cooling expectation for Federal Reserve rate cuts [1] - The demand for the recent 30-year US Treasury auction was weak, contributing to higher long-term US Treasury yields, which supports the dollar [1] - Market expectations for a Federal Reserve rate cut in December have decreased from 66% to 50%, with recent comments from Fed officials showing caution regarding rate cuts [1] Group 2 - The report highlights that while the USD/JPY exchange rate remains below the psychological level of 155, risks are increasing, and a sustained breach could lead to more verbal interventions from Japanese authorities [1] - Concerns regarding Japan's fiscal budget may undermine the credibility of warnings against foreign exchange interventions, with a potential for market shocks similar to the "Truss-like" incident in the UK [2] - The USD/CNH has fallen below 7.10, supported by easing US-China trade tensions and increased foreign interest in Chinese equities, although weak loan and financing data indicate ongoing economic challenges [2]