Core Viewpoint - The South Korean acting finance minister has indicated that fluctuations in the foreign exchange market have slightly intensified [1] Group 1 - The acting finance minister's comments suggest a growing concern regarding the stability of the foreign exchange market in South Korea [1] - The statement reflects the government's awareness and monitoring of market conditions amid potential economic challenges [1]

Core Viewpoint - The currency market experienced fluctuations with the US dollar showing strength against the Japanese yen while other currencies weakened against the dollar [1] Currency Performance - The US dollar rose by 0.36% against the Japanese yen, reaching 145.26 yen, with a trading range of 144.41 to 145.38 yen during the day [1] - The euro fell by 0.31% against the Japanese yen, while the British pound decreased by 0.76% against the same currency [1] - The euro declined by 0.67% against the US dollar, and the British pound dropped by 1.12% against the dollar [1] - The US dollar appreciated by 0.29% against the Swiss franc [1] Commodity Currencies - The Australian dollar decreased by 0.73% against the US dollar, and the New Zealand dollar fell by 0.76% against the dollar [1] - The US dollar increased by 0.77% against the Canadian dollar [1] Scandinavian and Other Currencies - The Swedish krona fell by 0.74% against the US dollar, while the Norwegian krone decreased by 0.25% [1] - The Danish krone dropped by 0.68% against the US dollar, and the Polish zloty fell by 0.77% [1]

Core Viewpoint - Japanese life insurance companies are reducing their yen appreciation hedging efforts to the lowest level in 14 years, indicating a weakening expectation for the yen to strengthen continuously [1][4]. Group 1: Hedging Trends - As of the end of March, the nine major Japanese life insurance companies decreased their yen bullish hedging ratio from 45.2% six months ago to 44.4% [1]. - The continuous decline in hedging ratios over the past three years suggests that life insurance companies believe the likelihood of the yen returning to historical strength is low [4]. Group 2: Economic Factors - The Bank of Japan's policy interest rate remains 3 percentage points lower than domestic inflation, with the next rate hike likely to be further delayed [1][4]. - The market currently anticipates a 72% probability of a 25 basis point rate hike by the end of the year, down from a 27% probability for a 50 basis point hike earlier in January [4]. Group 3: Foreign Investment and Risks - Life insurance companies have net sold 756 billion yen of foreign bonds over the past six months, marking the seventh consecutive fiscal year of net selling [6]. - There is a potential risk associated with unhedged positions, as a depreciation of foreign currencies could completely offset capital gains and income from overseas assets, prompting life insurance companies to increase foreign exchange hedging urgently [4].

Group 1 - The US Dollar Index (DXY) has decreased by 20 points, currently at 99.23 [1] - The Euro against the US Dollar (EUR/USD) has increased by 26 points, currently at 1.1349 [1] - The British Pound against the US Dollar (GBP/USD) has risen by nearly 40 points, currently at 1.3531 [1]

Group 1 - The US Dollar Index (DXY) has increased by nearly 20 points, currently reported at 99.81 [1] - The Euro to US Dollar exchange rate (EUR/USD) has decreased by 20 points, currently reported at 1.1294 [1]

日本央行副行长内田真一：快速的外汇市场波动使企业难以制定经营计划，增加了不确定性。 ...

美元指数DXY短线走低超20点，英镑兑美元GBP/USD、欧元兑美元EUR/USD短线走高30点。 ...