Core Viewpoint - The Governor of the Bank of Japan, Kazuo Ueda, emphasizes the necessity to monitor the impact of trade policies on the financial and foreign exchange markets, as well as on the Japanese economy and prices [1] Group 1 - The focus on trade policy's influence indicates a proactive approach to managing economic stability in Japan [1] - The statement suggests potential implications for monetary policy adjustments in response to trade dynamics [1] - The emphasis on financial and foreign exchange markets highlights the interconnectedness of global trade and domestic economic conditions [1]

Group 1: Precious Metals - Spot platinum (XPTUSD) is priced at 1396.740, showing an increase of 6.190 or 0.45% [2] - Spot palladium (XPDUSD) is priced at 1237.870, with a rise of 8.540 or 0.69% [2] - Gold (COMEX) is trading at 3318.300, up by 4.300 or 0.13% [2] - Silver (COMEX) is at 38.305, down by 0.025 or 0.07% [2] Group 2: Foreign Exchange - Euro to USD (EURUSD) is at 1.153, decreasing by 0.50% [3] - GBP to USD (GBPUSD) is at 1.332, down by 0.25% [3] - USD to JPY (USDJPY) is at 148.625, increasing by 0.06% [3] - AUD to USD (AUDUSD) is at 0.651, down by 0.23% [3] - USD to CHF (USDCHF) is at 0.807, up by 0.46% [3] Group 3: Cryptocurrencies - Bitcoin is priced at 118840.010, increasing by 777.690 or 0.66% [4] - Litecoin is at 110.010, up by 0.990 or 0.91% [4] - Ethereum is trading at 3853.510, with an increase of 54.510 or 1.43% [4] - Ripple (XRP) is priced at 3.160, up by 0.036 or 1.17% [4] Group 4: Treasury Bonds - The yield on the 2-year US Treasury bond is at 3.906 [6] - The yield on the 5-year US Treasury bond is at 3.953, down by 0.029 or 0.73% [7] - The yield on the 10-year US Treasury bond is at 4.380, decreasing by 0.062 or 1.40% [7] - The yield on the 30-year US Treasury bond is at 4.926, down by 0.039 or 0.79% [7] - The yield on the 10-year UK Treasury bond is at 4.643, down by 0.009 or 0.19% [7] - The yield on the 10-year German Treasury bond is at 2.701, increasing by 0.012 or 0.45% [7] - The yield on the 10-year French Treasury bond is at 3.355, up by 0.005 or 0.15% [7] - The yield on the 10-year Italian Treasury bond remains unchanged at 3.535 [7] - The yield on the 10-year Japanese Treasury bond is at 1.554, down by 0.006 or 0.38% [7]

Group 1 - The Asia-Pacific stock markets experienced varying degrees of decline, with A-shares fluctuating between gains and losses, indicating a cautious atmosphere [1] - The recent decline is not due to panic but rather a rational warning from a savvy segment of investors who sense the risk of an overheated market, although the majority still believe the Chinese market is not overheated [1] - The foreign exchange market provided signals, with the US dollar index surging by 1%, equivalent to a 2%-3% increase in the stock market, indicating that risks are just beginning to emerge [1] Group 2 - The rise of the US dollar was largely driven by the sharp decline of the euro, which fell due to market distrust regarding the US-EU trade agreement, suggesting potential changes in the agreement should be monitored [1] - The initial relief regarding a 15% tax on Europe has turned pessimistic, as French and German leaders expressed concerns that this outcome would hinder economic growth, negatively impacting European stock markets and bond yields [1] - Investors are also focused on the US-China economic talks, which lasted over five hours in Stockholm, with significant market volatility expected around the announcement of the outcomes [1]

2025年7月28日银行间外汇市场人民币汇率中间价 美元/人民币报7.1467，上调（人民币贬值）48点； 欧元/人民币报8.4099，上调98点； 港元/人民币报0.91051，上调6.8点； 英镑/人民币报9.6161，下调404点； 澳元/人民币报4.7034，下调124点； 加元/人民币报5.2230，下调177点； 100日元/人民币报4.8401，下调220点； 人民币/俄罗斯卢布报11.0812，下调383点； 新西兰元/人民币报4.3103，下调74点； 人民币/林吉特报0.5901，上调4点； 瑞士法郎/人民币报8.9945，上调39点； 新加坡元/人民币报5.5850，下调99点。 ...

Core Points - The central exchange rate of the RMB against various currencies shows a mixed trend, with the USD/RMB rate increasing, indicating a depreciation of the RMB [1] Group 1: Exchange Rate Changes - The USD/RMB rate is reported at 7.1419, an increase of 34 points, indicating a depreciation of the RMB [1] - The EUR/RMB rate is reported at 8.4001, a decrease of 76 points [1] - The HKD/RMB rate is reported at 0.90983, an increase of 4.2 points [1] - The GBP/RMB rate is reported at 9.6565, a decrease of 438 points [1] - The AUD/RMB rate is reported at 4.7158, an increase of 6 points [1] - The CAD/RMB rate is reported at 5.2407, a decrease of 101 points [1] - The JPY/RMB rate is reported at 4.8621, a decrease of 210 points [1] - The RMB/RUB rate is reported at 11.1195, an increase of 1539 points [1] - The NZD/RMB rate is reported at 4.3177, a decrease of 27 points [1] - The RMB/MYR rate is reported at 0.5897, a decrease of 17.3 points [1] - The CHF/RMB rate is reported at 8.9906, a decrease of 277 points [1] - The SGD/RMB rate is reported at 5.5949, a decrease of 30 points [1]

Core Viewpoint - The article discusses the potential depreciation of the Japanese yen and the U.S. dollar due to economic concerns, highlighting a shift in market focus from Japan's fiscal issues to the economic outlook of the U.S. [1][4] Group 1: Japanese Yen and U.S. Dollar Dynamics - The recent Japanese Senate election results have led to predictions of significant yen depreciation and further dollar appreciation, yet the forex market remains calm [1][3] - There is a historical correlation between the interest rate differential between Japan and the U.S. and the yen's exchange rate, with a tendency for yen depreciation when the differential widens [3] - Despite the yen weakening to around 149 yen per dollar, market participants predict a stabilization around 140 yen per dollar by year-end, indicating a potential reversal in yen appreciation [3][4] Group 2: Economic Policies and Market Sentiment - Trump's economic policies, including tariffs and tax cuts, may increase domestic inflationary pressures and contribute to concerns about the U.S. economic outlook [4] - Investment funds are shifting from the yen and dollar towards the euro, with the euro seen as a safer option amid signs of recovery in the German economy [4][5] - The Japanese government's recent economic outlook indicates a deterioration for the first time in nearly five years, complicating governance as the ruling party loses majority control [5]

新华财经北京7月23日电 上半年，非银行部门跨境收支合计7.6万亿美元，创历史同期新高；银行结售汇 合计2.3万亿美元，为历史同期次高；外资净增持境内股票和基金101亿美元，扭转了过去两年总体净减 持态势...... "总的来看，上半年我国外汇市场有力有效应对外部冲击风险；展现出较强的韧性和活力，表现好于市 场预期。"国家外汇管理局副局长李斌说。 往后看，受访人士预计，人民币汇率的扰动和支撑因素相对均衡，年内或呈现震荡偏强运行，加之国际 收支平衡也有望延续"一顺一逆"、整体平衡格局，下半年外汇市场总体将继续稳定运行。 ——外汇市场表现超预期跨境资金持续净流入 展望后续，受访人士预计，外部环境波动对我国出口的影响或在下半年集中显现，银行代客外币收支或 仍有一定幅度顺差。不过稳汇率仍是宏观政策的主要目标之一，加之国际收支也有望延续平衡格局，下 半年外汇市场总体将保持稳定状态。 ——人民币汇率保持稳定人民币资产强势吸金 今年以来，外部环境更趋复杂多变，国际金融市场波动加大。我国加快实施更加积极有为的宏观政策， 外汇市场持续平稳运行。 如从总量的角度看，涉外收支规模稳步增加。上半年，企业、个人等非银行部门跨境收入和支 ...

Group 1 - The core viewpoint of the articles highlights the resilience and stability of China's foreign exchange market in the first half of 2025, supported by proactive macroeconomic policies aimed at expanding domestic demand and addressing external challenges [1][3]. - In the first half of 2025, the total cross-border income and expenditure of non-bank sectors reached $7.6 trillion, a year-on-year increase of 10.4%, marking a historical high for the same period [1]. - The net inflow of cross-border funds for non-bank sectors was $127.3 billion, continuing the trend of net inflows since the second half of the previous year, with a 46% quarter-on-quarter increase in the second quarter [1][3]. Group 2 - The foreign exchange market showed a basic balance, with a bank settlement and sale deficit of $25.3 billion in the first half of 2025, but with a notable monthly variation leading to a surplus in May and June [2]. - The total trading volume in the domestic RMB foreign exchange market reached $21 trillion, a year-on-year increase of 10.2%, with spot and derivative transactions accounting for 35% and 65% respectively [2]. - As of the end of June 2025, China's foreign exchange reserves stood at $3.3174 trillion, an increase of $115.1 billion from the end of 2024, reflecting stability amid global financial asset price increases [2]. Group 3 - The RMB exchange rate remained stable, appreciating by 1.9% against the USD in the first half of 2025, fluctuating between 7.15 and 7.35, which helped stabilize the macroeconomy and international payments [3]. - Direct investment into China showed positive trends, with net inflows of equity-based direct investment reaching $31.1 billion, a 16% year-on-year increase, and net inflows of securities investment reversing the previous year's outflow [3]. - The State Administration of Foreign Exchange plans to continue promoting a more convenient, open, secure, and intelligent foreign exchange management system to support high-quality economic development and high-level openness [3].

Group 1 - The foreign exchange market in China demonstrated strong resilience in the first half of 2025 despite a complex external environment, characterized by weakening global economic growth and increased market volatility [1] - The scale of cross-border receipts and payments showed steady growth, with non-bank sector cross-border receipts and payments totaling $7.6 trillion, a 10.4% increase year-on-year, marking a historical high for the same period [3] - The proportion of the Renminbi in cross-border receipts and payments rose to 53%, indicating steady progress in the internationalization of the Renminbi [3] Group 2 - Cross-border capital flows maintained a net inflow trend, with non-bank sector net inflows reaching $127.3 billion in the first half, and a 46% quarter-on-quarter increase in the second quarter [3] - The Renminbi exchange rate exhibited good two-way fluctuation characteristics, appreciating by 1.9% against the US dollar, maintaining stability within the range of 7.15 to 7.35 [4] - Market expectations remained stable and rational, with no significant unilateral appreciation or depreciation expectations for the Renminbi, reflecting mature behavior among market participants [4]

Core Viewpoint - The Chinese foreign exchange market has shown strong resilience and vitality in the first half of the year, performing better than market expectations [1][2] Group 1: Market Performance - In the first half of 2025, the bank's settlement of foreign exchange reached 14,900 billion RMB, while the sale of foreign exchange was 13,083 billion RMB [1] - The total cross-border income and expenditure of non-bank sectors, including enterprises and individuals, reached 7.6 trillion USD, marking a year-on-year increase of 10.4%, the highest for the same period in history [1] - The total trading volume in the domestic RMB foreign exchange market reached 21 trillion USD, with a year-on-year growth of 10.2% [1] - The net inflow of cross-border funds for non-bank sectors was 127.3 billion USD, continuing the net inflow trend since the second half of last year, with a quarter-on-quarter increase of 46% [1] Group 2: Regulatory Actions - The foreign exchange management department has actively worked to prevent and mitigate external shock risks, maintaining a stable and healthy foreign exchange market [2] - Over 400 cases of foreign exchange violations were investigated in the first half of the year, with more than 180 cases related to underground money laundering being punished in cooperation with public security authorities [2] - Overall, policies aimed at stabilizing the market and expectations have achieved positive results [2]