U.S. Dollar Index Falls to 100.848 on July 10 as Yen Strengthens on Pension Policy Shift

According to Yonhap News, the U.S. Dollar Index fell to 100.848 on July 10 at 7:52 a.m. ET, down 0.105 points (0.02%) from the previous close of 100.953. The yen strengthened after Japan's Finance Minister Satsuki Katayama stated that expanding domestic investment through the Government Pension Investment Fund (GPIF) and other pension funds would be the top priority, signaling a potential shift away from overseas asset allocation.

Meanwhile, military tensions between the U.S. and Iran persisted. Iran's state IRNA news agency reported that the Bushehr nuclear power plant's vicinity was struck by American and Israeli missiles, though the U.S. military has not officially confirmed the report. According to MSNBC, U.S. officials indicated ongoing discussions between Washington and Tehran. WTI crude oil futures for August delivery rose 0.7% to $72–73 per barrel.